According to the enterprise early warning, Gree Real Estate Co., Ltd. plans to exchange assets with Zhuhai Investment Holdings Co., Ltd. for 51% equity of Zhuhai Duty-Free Enterprise Group Co., Ltd. held by Zhuhai Investment Holdings Co., Ltd., using the equity of multiple subsidiary companies it holds and part of the debt, with the difference to be supplemented with cash. Currently, this plan has been approved by the board of directors, but still needs approval from the state-owned assets department and approval from the shareholder meeting.
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格力地产重大资产重组进展:资产置换方案已通过董事会审议
Gree Real Estate's major assets restructuring progress: The asset replacement plan has been approved by the board of directors.
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