China Everbright Holdings Sells Stake In China Everbright Technology

By TechSecurityChina.com Editor
March 22, 2004

China Everbright Holdings announced today that it is selling its entire stake in China Everbright Technology Ltd. for HK$218.9 million to Sincere View International Ltd., a holding company incorporated in the British Virgin Islands.

Sincere View has said that is has no plans to change China Everbright Technology’s business–making watches, with a sideline in trading timber and property development–nor will it inject new assets into the company or delist it.

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