Evergreen Intends to Publicly Transfer 50.3% Shares of a Subsidiary

2023-01-30 09:21:05

In order to optimize the company's asset structure and concentrate superior resources to develop the main business of the company and its subsidiaries, the company intends to publicly transfer 50.3% of its shares in Wantong Company.

Recently, Wannianqing announced that Wannianqing Copper Company, a joint venture company co-funded by Jiangxi Copper Co., Ltd. and its related party Building Material Design Institute, was unable to solve the problems of tailings quality and market application at present, and its production and operation expectations were poor, in order to optimize the company's asset structure, Wannianqing Copper Co., Ltd. Concentrating superior resources to develop the main business of the company and its subsidiaries, the company intends to publicly transfer 50.3% of its shares in Wantong Company. After

the above equity transfer and transfer is completed, the company will no longer hold the equity of Wantong Company.

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Correlation

Evergreen Intends to Publicly Transfer 50.3% Shares of a Subsidiary

2023-01-30 09:21:05

CEMPI

-0.03 -0.03%

CONCPI

89.44

0.00 0.00%

CLKPI

97.71

0.00 0.00%

SPPI

44.52

-0.26 -0.58%

MORPI

73.32

0.00 0.00%

Cement enterprises go bankrupt and liquidate and recruit investors

On June 26, 2024, according to the application of Shanghai Yinxin Financing Guarantee Co., Ltd. (Hereinafter referred to as "Yinxin Guarantee Company"), the Third Intermediate People's Court of Shanghai (hereinafter referred to as "the Third Intermediate People's Court") issued a civil ruling (2024) Hu 03 Po 584. Ruled to accept the bankruptcy liquidation of Shanghai Jiufeng Cement Co., Ltd. (Hereinafter referred to as "Jiufeng Company or the debtor"), and appointed Shanghai Huitong Liquidation Affairs Co., Ltd. as the administrator of Jiufeng Company (hereinafter referred to as the "administrator") on July 8, 2024 with the decision (2024) Hu 03 Po 584.