China Tianrui Cement recently announced that the reorganization of the enterprise was completed on December 8, 2023. Corporate restructuring aims to simplify the shareholding structure of controlling shareholders. Pursuant to the Corporate Restructuring, Li Liufa and his wife Li Fengxuan remain the ultimate beneficial owners of Yu Kuo, the controlling shareholder of the Company.
The announcement shows that before the reorganization, Li Liufa and his wife Li Fengxuan were the ultimate beneficial owners and held 69.58% of the issued share capital of China Tianrui Cement Group Co., Ltd. through Tianrui Group Company, Tianrui International, Shenying, Yuqi and Yukuo. Upon completion of the corporate reorganisation, Li Liufa and his wife Li Fengluan will continue to hold 70% and 30% of the issued share capital of Tianrui Group Company, respectively. Li Liufa and his wife Li Fengxuan will continue to hold an aggregate of 69.58% of the issued share capital of China Tianrui Cement Group Co., Ltd. through Tianrui Group Company, Tianrui International, Kales and Yukuo. Each of Shenying and Yuqi ceased to have any interest in the issued share capital of China Tianrui Cement Group Co., Ltd.
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