Notice from Palm Eco-town Development: The company plans to transfer 100% equity of Shanghai Zhonghe and Haikou Palm to controlling shareholder Yuzi Indemnificatory Apartment for a transaction amount of RMB 53,360,900. The transfer price will be used to pay off part of the debts owed by the company to the transferee, with a debt offset amount of RMB 53,360,900. The transferee does not need to pay any additional consideration. After the equity transfer is completed, the company will no longer hold the equity of the two mentioned subsidiaries.
棕榈股份：拟转让全资子公司股权抵偿债务
Palm Eco-town Development: intends to transfer the equity of its wholly-owned subsidiaries to offset debts.
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