Tianjin Good Hand Railway Holding (TGHRH) (000594.SZ) said it signed an agreement Monday to sell its Shenzhen branch to Senbang Pharmaceuticals for US$12.54 million (RMB85.9 million), the Shanghai Securities News reported. It tried to sell the branch to Shaanxi Zhongtou Assets Management Co in July, but the deal was rejected by a snap board meeting on August...

Beijing Huaye Real Estate (600240.SH) is planning to acquire a 60% stake in Shaanxi Jinhong Investment Co for US$4.39 million (RMB30 million), the Securities Times reported. The deal includes some shares owned by Shenzhen Jinpeng Urban Investment Management Co and some owned by Shenzhen Hualongtai Trade Co. Huaye said the deal would enrich its land bank and ...

The Shanghai United Assets and Equity Exchange supervised US$18.59 million (RMB127 million) worth of finance-related transactions last week (August 18-24), China Business News reported. A 30% stake in a local fund management firm held by a Shanghai-based state-owned company was hotly contested with the winning bid of US$15.76 million (RMB107.7 million) from ...