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Hunan Boyun New Materials (002297.SZ) intends to terminate the transfer of 31% equity of Honeywell Boyun Aviation Systems (Hunan) Co., Ltd.
On August 22, Gelonhui announced that on August 22, 2024, the company held the thirteenth meeting of the seventh board of directors, which approved the "Proposal of Hunan Boyun New Materials Co., Ltd. to Terminate the Transfer of Part of the Equity of the Affiliated Company". The company plans to terminate the transfer of 31% of the equity of Honeywell Boyun Aviation Systems (Hunan) Co., Ltd. (hereinafter referred to as the "Joint Venture Company"). Due to the fact that the target company for the intended transfer is a Sino-foreign joint venture company, the process of equity transfer is relatively long. As of now, the Joint Venture Company has not completed the business registration change for equity transfer. Therefore, after consultation with the special committee of independent directors of the company's board of directors, the company has agreed to extend the expiration date of the transaction, and it is expected that the equity transfer transaction will be completed within December 31, 2024.
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