June 22 (NBD) -- Qingdao Haier Co., Ltd. (600690.SH) plans to transfer all of its 22 percent stake in Qingdao Haier Special Electrical Appliance Co., Ltd. to Haier BioMedical at 505 million yuan (77.9 million U.S. dollars), the Chinese home appliance maker announced Friday. 

The stake transfer constitutes an affiliated transaction with Haier Group as Haier BioMedical is a part of the group.

 

Email: lansuying@nbd.com.cn

Editor: Lan Suying