China Business News: Haier Group raises shareholding in Qingdao Haier to 44.58%

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Haier Group raises shareholding in Qingdao Haier to 44.58%

Jun. 29, 2009 (China Knowledge) - Haier Group, the fourth largest white goods manufacturer in the world, recently raised its shareholding in Qingdao Haier Co Ltd<600690> to 44.58% and now holds a total of 597 million shares, according to latter firm's filing with the Shanghai Stock Exchange.Haier bought 13.85 million shares of Qingdao Haier between May 21 and Jun. 24.However, the transaction

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