News brief
Zhaochi announced that management was authorized to bid up to CNY 967 million for the existing 63% stake in Fengxing Online held by Oriental Pearl. The amount was a bidding ceiling, not new funding for Fengxing Online.
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English text is maintained separately from the original record. Consult the original source before citing a fact.
- cs.com.cn ↗Published Aug 13, 2015
Original source text
Names may use phonetic renderings when no English name is supplied. The original wording is retained below.
兆驰股份公告授权管理层在9.67亿元人民币范围内，拟竞买东方明珠持有的风行在线63%存量股权；该金额为竞买上限，不是风行在线新增融资。