Grand Industrial Holding (000626.SZ) issued an announcement, based on operational and developmental considerations, the company's wholly-owned subsidiary signed an equity transfer agreement with Guangzhou...
Zhitong Finance News APP reports, Grand Industrial Holding (000626.SZ) issued an announcement, based on operational and developmental considerations, the company's wholly-owned subsidiary signed an equity transfer agreement with Guangzhou Luxin Oils and Fats Co., Ltd. (hereinafter referred to as Luxin Oils and Fats), selling 100% equity of two wholly-owned subsidiaries.
The company's wholly-owned subsidiary Grand Oils and Foods Co., Ltd. (hereinafter referred to as Grand Oils and Foods) sold its 100% equity in Grand Oils (Dongguan) Co., Ltd. [hereinafter referred to as Grand Oils (Dongguan)] held by Luxin Oils and Fats for 0.235 billion yuan, after the equity transfer is completed, Grand Oils and Foods will no longer hold shares in Grand Oils (Dongguan).
The company's wholly-owned subsidiary GRAND OILS & FOODS (SINGAPORE) PTE. LTD. (hereinafter referred to as Grand Oils and Fats (Singapore)) sold its 100% equity in GRAND OILS & FOODS (MALAYSIA) SDN. BHD. (hereinafter referred to as Grand Oils and Fats (Malaysia)) held by Luxin Oils and Fats for 53 million yuan, after the equity transfer is completed, Grand Oils and Fats (Singapore) will no longer hold shares in Grand Oils and Fats (Malaysia).