Datang Telecom Technology Co., Ltd. (hereinafter referred to as "Datang Telecom") has issued a public notice to sell 50.1 percent shares of its Tianjin-based Datang Telecom Technology Industrial Park Co., Ltd, at a total price of RMB 75 million. This decision was made at the company’s 34th board of directors meeting for examination and approval.
According to public information, Datang Telecom (Tianjin) Technology Industrial Park Co., Ltd. registered capital was RMB 100 million, and the total assets touched RMB 139.84 million, while net assets was RMB 138.48 million. Datang Telecom's revenues was about 750 million by selling 50.1 percent shares.(Paul)
