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Xinhu Zhongbao: The controlling shareholder plans to transfer no more than 10% of the company’s shares to introduce state-owned assets

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China Business News 2022-12-09 13:46:10

Editor in charge: Zhu Mengyun

Xinhu Zhongbao announced that Xinhu Group, the controlling shareholder of the company, intends to transfer by agreement, from Xinhu Group or its designated entity to Capital Operation Co., Ltd., Quzhou Holding Group Co., Ltd., Quzhou Holding Group Co., Ltd. Quzhou Industrial Development Co., Ltd. Group Co, Ltd or its designated The subject sells and transfers a total of not more than 860 million shares of the company (not more than 10% of the total share capital of the company). After the share transfer transaction, Quzhou will fully assist the company to further seek local policy support, comprehensively deepen cooperation, and promote the company’s transformation. If the above share transfer is completed, the controlling shareholder and actual manager will not change.

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Xinhu Zhongbao: The controlling shareholder plans to transfer no more than 10% of the company’s shares to introduce state-owned assets

Xinhu Zhongbao announced that Xinhu Group, the controlling shareholder of the company, intends to transfer by agreement, from Xinhu Group or its designated entity to Capital Operation Co., Ltd., Quzhou Holding Group Co., Ltd., Quzhou Holding Group Co., Ltd. Quzhou Industrial Development Co., Ltd. Group Co, Ltd or its designated The subject sells and transfers a total of not more than 860 million shares of the company (not more than 10% of the total share capital of the company). After the share transfer transaction, Quzhou will fully assist the company to further seek local policy support, comprehensively deepen cooperation, and promote the company’s transformation. If the above share transfer is completed, the controlling shareholder and actual manager will not change.

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