Sign in | Join free

China textile machinery’s stake in jingwei textile frozen

China textile machinery’s stake in jingwei textile frozen Source:
Date: 30-12-2011
Visits: 235
Very Poor

China Textile Machinery’s 34 percent stake in Jingwei Textile Machinery (000666) was frozen by a Chinese court, Jingwei Textile said yesterday.

The Shanghai No. 1 Intermediate People’s Court froze the shares on Dec. 21 for two years, the company said in a filing to the Hong Kong stock exchange.

The judicial freezing follows an action brought to the court by China Construction Bank Corp. (939) in July 2011 concerning a 49 million renminbi loan guarantee contract it entered into with China Worldbest Group Co. (CWGZ), according to the statement.

like 360 Unlike 40
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32366 Users
have already joined Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Enter the code
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
Members Login
Already registered
Forgot your password
golden fees
Enter your e-mail address
Choose your room