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Navis Capital may take over Xidelang

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Navis Capital may take over Xidelang

Post by hlk Thu 05 Jan 2012, 17:19

Xidelang Holdings Bhd, a Chinese footwear maker, said Navis Capital
Partners Ltd may be interested in taking a controlling stake in the
Kuala Lumpur-listed company.

Navis indicated its intention during
an informal discussion with HongPeng International Holdings Ltd,
Xidelang's biggest shareholder, an exchange filing today said. HongPeng
holds 54.6 per cent of the manufacturer's shares, according to data
compiled by Bloomberg. -- Bloomberg

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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