Jiangxi Guoguang Commercial Chains (605188.SH) released an announcement stating that its wholly-owned subsidiary Ganzhou Guoguang Industrial Co., Ltd. (referred to as "...")
According to Zhitong Finance APP, Jiangxi Guoguang Commercial Chains (605188.SH) announced that its wholly-owned subsidiary Ganzhou Guoguang Industrial Co., Ltd. (referred to as "Ganzhou Guoguang") intends to establish a wholly-owned subsidiary (referred to as "project company") in Ruijin City, Jiangxi Province, with a total planned investment of approximately 0.26 billion yuan, mainly used for the project company to purchase the state-owned land use rights and ongoing projects owned by Ganzhou Shuo Feng Real Estate Co., Ltd. (referred to as "symbol assets"), civil construction and decoration works, equipment purchases, startup costs, and working capital. Among these, a cash amount of 0.115 billion yuan is planned to purchase the symbol assets.
