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Shanggong (Europe) Purchases 29% Share Equities from DA Company

From:Date:2015/04/17 10:28:38

On the seventeenth session of the seventh board of directors of SGSB Group Co., Ltd., "resolution on Shanggong (Europe)'s purchase of 29% share equities from DA Company" is passed, agreeing that the Company, via its wholly owned subsidiary Shanggong (Europe) Holding Corp. GmbH, purchases 29% share equities of Duerkopp Adler from Zoje Europe Co., Ltd. with transaction price of EUR 13.9 million (converted into RMB 116.65 million).