Jiangsu Gaochun Ceramics plans to shift to electronic information industry
2009-05-26 Nanjing
Jiangsu Gaochun Ceramics Co. Ltd, a Chinese professional ceramics manufacturer that recently resumed trading, announced a restructuring plan, whereby the State-owned Assets Supervision and Administration Commission of Gaochun county will transfer 23 million shares of Gaochun Ceramics to China Electronics Technology Group Corporation No. 14 Research Institute for RMB6.7 per share. Upon completion of the share transfer, the NO.14 Research Institute will become the largest shareholder of Gaochun Ceramics. In addition, Gaochun Ceramics will issue 80 million shares at most to a wholly-owned subsidiary of the Research Institute and five natural persons in a non-public manner.