Haier Qingdao buys Deutsche Bank's Haier Electronics stake

Consumer and Retail

Thursday, August 21, 2008 22:44:35

	Haier Qingdao buys Deutsche Bank's Haier Electronics stake By STAFF EDITOR Published: June 26, 2008 03:49 PM Haier Electronics (1169.HK) confirmed Wednesday that Deutsche Bank (DB.NY) will sell its 20.1% stake in the company to Qingdao Haier (600690.SH) for US$99.92 million (HK$780 million), China Business News reported. Both Qingdao Haier and Haier Electronics are listed units of Haier Group, with the former focusing on air conditioners and refrigerators and the latter on washing machines and ... You are currently reading 59 words of 180 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: business , china , US , securities , Haier	More Articles in Consumer and Retail > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Panasonic to scrap CRT TVs by 2010 Soaring LCD TV sales cushion slow month for TCL Mobile handset sales brisk in 1H Shanghai bank, Gome ink US$161m credit deal China Commodities City net profit up 106% Thai retailer eyes Chinese market 24.4m Chinese to travel abroad in 2H: MasterCard

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