Shanghai Yaohua Pilkington: new majority shareholder

Shanghai Construction Material Group has reportedly received a 16.14% equity stake, equivalent to 118 million shares, in Shanghai Yaohua Pilkington Glass from Yaohua Glass Plant, free of charge.
Than…

Shanghai Construction Material Group has reportedly received a 16.14% equity stake, equivalent to 118 million shares, in Shanghai Yaohua Pilkington Glass from Yaohua Glass Plant, free of charge. Thanks to the transfer, Shanghai Construction Material Group has taken over from Pilkington International Holding BV as Yaohua Pilkington Glass“ majority shareholder, with a 26.33% stake. Shanghai Construction Material Group is involved in construction material production, construction design, real estate development and property management.