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Acquisition right between China Glass Shareholders has been canceled

Post Time:Mar 17,2010Classify:Company NewsView:422

China Glass made an announcement on March 17 that some issued shares' acquisition right has been canceled according to the major shareholder, Pilkington Italy Limited.

 

According to the acquisition agreement signed by First Fortune Enterprises Limited and Pilkington on June 3, 2005, First Fortune sells the acquisition right to Polkington. During the six months begin July 1, 2011, Pilkington can purchase First Forture‘shares.

 

But Pilkington said the second acquisition right has been canceled as soon as it signed a Termination Agreement with First Fortune on March 16, 2010.

 

Source: GlassInChinaAuthor: shangyi

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