BRIEF-Tus-Design's Controlling Shareholder To Sell About 20% Stake

Reuters · 05/11/2023 09:18
BRIEF-Tus-Design's Controlling Shareholder To Sell About 20% Stake

- Tus-Design Group Co Ltd 300500.SZ:

  • SAYS CONTROLLING SHAREHOLDER TO TRANSFER ABOUT 20.0% STAKE IN THE COMPANY FOR 586.7 MILLION YUAN ($84.88 million)

  • SAYS ITS HOLDINGS IN THE COMPANY WILL BE REDUCED TO 24.6% FROM 44.5% AFTER THE STAKE TRANSFER

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Further company coverage: 300500.SZ


($1 = 6.9121 Chinese yuan renminbi)


(Reporting by Hong Kong )

((Ella.Cao@thomsonreuters.com;))