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New major shareholder in Xingquan
by Cals Fri 16 May 2014, 17:35
| New major shareholder in Xingquan |
| Business & Markets 2014 |
| Written by Chong Jin Hun of theedgemalaysia.com |
| Friday, 16 May 2014 13:21 KUALA LUMPUR (May 16): China national Xie Zhidong has emerged as a major shareholder in Xingquan International Sports Holdings Ltd with an estimated 9% stake. Shoe manufacturer Xingquan told Bursa Malaysia today Xie had yesterday acquired the stake comprising 30.7 million shares via a private placement of new units at RM1 each. Following the share placement, Xingquan has an issued base of 338.1 million shares, the firm said. |
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