grandjoy holdings group (000031.SZ): the company and its wholly-owned subsidiary publicly listed to transfer 100% equity of Baoxing Wire and Cable.

Gelonghui Finance · Sep 26 05:27

On September 26, Geelong announced that in order to revitalize existing assets and improve the efficiency of fund utilization, the company, its wholly-owned subsidiary Nov Inc (referred to as "Nov Inc"), and Shenzhen Jiangxi Nanfang Co., Ltd. (referred to as "Shenzhen Jiangxi", a non-affiliated company) plan to publicly list on the Shenzhen United Equity Exchange (referred to as "Shenzhen Equity Exchange") to transfer 100% equity of Shenzhen Baoxing Wire and Cable Manufacturing Co., Ltd. (referred to as "Baoxing Wire and Cable" or the "target company"). In this transaction, the company holds 20% equity of Baoxing Wire and Cable, Nov Inc holds 25% equity of Baoxing Wire and Cable, totaling 45% equity in Baoxing Wire and Cable (referred to as the "target equity"); Shenzhen Jiangxi holds 55% equity in Baoxing Wire and Cable. The intended transferee needs to acquire 100% equity of Baoxing Wire and Cable as a whole. The overall listing price for this transaction is 1,100.3946 million yuan (not less than the net asset appraisal value filed by the State-owned Assets Supervision and Administration Department), of which the company and its wholly-owned subsidiary Nov Inc's 45% equity corresponds to a listing price of 495.17757 million yuan.

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大悦城(000031.SZ)：公司及全资子公司公开挂牌转让宝兴电线电缆100%股权

grandjoy holdings group (000031.SZ): the company and its wholly-owned subsidiary publicly listed to transfer 100% equity of Baoxing Wire and Cable.

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