On May 14, Shentong Metro (600834.SH) issued an announcement stating that it plans to purchase 50% of its shares in Shanghai Metro Electronic Technology Co., Ltd. held by Shanghai Shentong Metro Group Co., Ltd. and 51% of its shares in Shanghai Metro Property Management Co., Ltd. through cash payment. The announcement stated that the transaction was a cash acquisition. The controlling shareholders of the listed companies before and after the transaction was completed were all Shentong Group, and the actual controllers were all Shanghai State-owned Assets Administration Commission. Therefore, this transaction did not result in a change in the control of the listed company, did not constitute a transaction situation as stipulated in Article 13 of the “Measures for the Administration of Reorganization”, and did not constitute a restructuring listing.
申通地铁拟现金1.4亿购买上海地铁电子50%股权和上海地铁物业51%股权
Shentong Metro plans to purchase 50% of Shanghai Metro Electronics and 51% of Shanghai Metro Properties in cash for 140 million yuan
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