Wednesday, June 20, 2007

China's AMVIG Buys Rival Cigarette-Package Printer for About $199 Million

(Bloomberg) -- AMVIG Holdings Ltd. said it will
become China's biggest printer of cigarette packages after it
acquires a rival for HK$1.56 billion ($200 million). The
company's shares jumped by the most in almost three months.

The cigarette-package printer and maker of laminated paper
will pay HK$155.5 million in cash and issue HK$1.4 billion worth
of new shares to buy Brilliant Circle Holdings International
Ltd., Hong Kong-listed AMVIG said in a statement to the city's
stock exchange today.


Read more at Bloomberg Emerging Markets News

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