Huitong Energy: It is planned to divest the real estate development and sales business, and the controlling shareholder will be changed to Holy Stone Trading

time:2022-12-09 19:50:16source:chakarski.com author:Education stock
Huitong Energy: It is planned to divest the real estate development and sales business, and the controlling shareholder will be changed to Holy Stone Trading

e company news, Huitong Energy (600605) announced on the evening of September 23 that the company plans to sell its 100% equity in Shanghai Lutai to Hongdu Real Estate in cash; through this restructuring, it will sell the construction entity of Nanchang Guangzhou Road Project. Shareholder Shanghai Lvtai Equity, the company will divest real estate development and sales business, focus on house leasing and property service business. In addition, Tongxiang Shengshi and Tongxiang Aragonite controlled by Zhenshi Holdings intend to transfer 29.97% of the company's shares held by the company's controlling shareholder Tibet Dejin by means of agreement transfer. After the completion of the agreement transfer, Tongxiang Shengshi will become the controlling shareholder of the company. In order to further consolidate control, Tongxiang Shengshi intends to acquire 5% of the company's shares by partial tender offer, and Tibet Dejin intends to apply for a pre-acceptance offer in accordance with the tender offer conditions determined in the Share Transfer Agreement. Zhejiang Youneng and Tongxiang Chuangteng controlled by Huayou Holdings intend to transfer 24.21 shares of the company held by Tibet Dejin and its persons acting in concert by agreement transfer. After the transaction is completed, the controlling shareholder of the company will be changed from Tibet Dejin to Shengshi Trading; the actual controller will be changed from Tang Yuxiang to Zhang Yuqiang and Zhang Jiankan. The company's shares are scheduled to resume trading on September 26.
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