(Reuters) - Under a memorandum of understanding, the Chinese company
would place 15 million new shares with Microsoft at a price of
6.27 yuan each, a 37 percent discount to its last traded market
price of 9.93 yuan.
The deal would give Microsoft a stake of nearly 1 percent
in Sichuan Changhong, according to Reuters calculations. The
U.S. software giant would be a long-term, strategic investor,
Sichuan Changhong said.
Read more at Reuters.com Bonds News
would place 15 million new shares with Microsoft at a price of
6.27 yuan each, a 37 percent discount to its last traded market
price of 9.93 yuan.
The deal would give Microsoft a stake of nearly 1 percent
in Sichuan Changhong, according to Reuters calculations. The
U.S. software giant would be a long-term, strategic investor,
Sichuan Changhong said.
Read more at Reuters.com Bonds News
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