June 21 (NBD) -- Guangzhou Haige Communications Group Incorporated Company (002465.SZ) announced Thursday that its controlling shareholder Guangzhou Radio Group Co., Ltd. plans to increase its stake in the listed company via a targeted asset management plan.

Through the plan, Guangzhou Radio Group expects to up its stake in Haige Communications by no more than 5 percent of the latter's total capital stock by August 10 at no more than 1 billion yuan (154.5 million U.S. dollars), no more than 16 yuan (2.5 U.S. dollars) per share.

It is noted that the previous close of Haige Communications was 7.53 yuan (1.2 U.S. dollars).

 

Email: tanyuhan@nbd.com.cn

Editor: Tan Yuhan