The 39 percent stake may be worth 6.1 billion yuan ($929 million), based on the Shanghai-based company’s closing share price of 37.13 yuan on Dec. 3. The stock has been suspended from trading in Shanghai since then. Shanghai Jahwa surged 62 percent in the year until the trading halt. Full story
Temasek may bid for 39% stake in Chinese cosmetic maker
Bloomberg, 2 Mar 2011
Sovereign wealth fund China Investment Corp. and Singapore state-owned investment company Temasek Holdings Pte. may bid for a 39 percent stake in Chinese cosmetics maker Shanghai Jahwa United Co., the Financial Times reported without citing anyone.
The 39 percent stake may be worth 6.1 billion yuan ($929 million), based on the Shanghai-based company’s closing share price of 37.13 yuan on Dec. 3. The stock has been suspended from trading in Shanghai since then. Shanghai Jahwa surged 62 percent in the year until the trading halt. Full story
The 39 percent stake may be worth 6.1 billion yuan ($929 million), based on the Shanghai-based company’s closing share price of 37.13 yuan on Dec. 3. The stock has been suspended from trading in Shanghai since then. Shanghai Jahwa surged 62 percent in the year until the trading halt. Full story
