On November 23, the board of directors of Xinjiang Tianshan Cement Co., Ltd. Xinjiang Tianshan Cement Co., Ltd. (Hereinafter referred to as the "Company") intends to restructure the major assets of Gansu Qilianshan Cement Group Co., Ltd. 100% equity of Gansu Qilianshan Cement Group Co., Ltd. (Hereinafter referred to as "Qilianshan Cement") held by China Communications Construction Co., Ltd. (Hereinafter referred to as "CCCC") and China Urban and Rural Holding Group Co., Ltd. (Hereinafter referred to as "China Urban and Rural") after the replacement of entrusted management assets.
As of the date of this announcement, the industrial and commercial registration procedures for the transfer of 85% equity interest in Qilianshan Cement held by Qilianshan to CCCC and the transfer of 15% equity interest in Qilianshan Cement to China Urban and Rural have been completed. The Trusteeship Agreement on Qilianshan Cement signed by the company with China Communications Construction and China Urban and Rural Areas has come into effect.
On November 24, the board of directors of Gansu Qilianshan Cement Group Co., Ltd. Gansu Qilianshan Cement Group Co., Ltd. (The "Company"), "Qilianshan") has received the Reply on Approving Gansu Qilianshan Cement Group Co., Ltd. to Issue Shares to Purchase Assets and Raise Matching Funds (Zheng Jian Xu Ke [2023] No.2407) issued by China Securities Regulatory Commission (hereinafter referred to as "CSRC"). For details, please refer to the announcement published by the Company on the website of the Shanghai Stock Exchange on 31 October 2023 (Announcement No.: 2023-059). After receiving the registration approval from the China Securities Regulatory Commission, the company actively promoted the implementation of the major asset replacement and the issuance of shares to purchase assets and raise matching funds (hereinafter referred to as the "transaction"). As of the date of this announcement, the transfer procedures of the underlying assets of this transaction and the relevant industrial and commercial registration and filing matters have been completed. Implementation
of
the Transaction (I) Transfer
of Imported Assets As of the date of this announcement, the delivery and transfer procedures of the Imported Assets involved in the Transaction have been completed. 100% equity of CCCC Highway Planning and Design Institute Co., Ltd. (Hereinafter referred to as "the Institute"), 100% equity of CCCC First Highway Survey and Design Institute Co., Ltd. (Hereinafter referred to as "the Institute"), 100% equity of CCCC Second Highway Survey and Design Institute Co., Ltd. (Hereinafter referred to as "Second Institute") and 100% equity of China Municipal Engineering Southwest Design and Research Institute Co., Ltd. (Hereinafter referred to as "Southwest Institute") held by China Urban and Rural Holding Group Co., Ltd. (Hereinafter referred to as "Northeast Institute") and 100% equity of China Jiaotong Urban Energy Research and Design Institute Co., Ltd. (Hereinafter referred to as "Energy Institute") have been transferred, and Qilian Mountain has legally acquired the assets. The Public Regulation Institute, the First Public Institute, the Second Public Institute, the Southwest Institute, the Northeast Institute and the Energy Institute have all become wholly-owned subsidiaries directly owned by the company. Transfer
of
the Disposed Assets As at the date of this announcement, the delivery and transfer procedures of the Disposed Assets involved in the Transaction have been completed, the delivery and transfer of 100% equity interest in Gansu Qilianshan Cement Group Co., Ltd. have been completed, and Qilianshan no longer holds the equity interest in the Disposed Assets.
浙公网安备33010802003254号