On July 16, Guangdong Gelin CableampWire Equipment Co., Ltd. (002898.SZ) announced that its wholly-owned subsidiary OBOC has signed a share transfer agreement with France-based Nexans Busbars SAS, under which OBOC will transfer its 100% stake in Nexans OBOC Guangzhou Co., Ltd. to Nexans Busbars for a consideration of RMB305 million. After the completion of the transaction, Nexans OBOC Guangzhou will no longer be a subsidiary of OBOC.
S&T HLDGS(03928.HK)：第九资本有限公司获委任为独立财务顾问
S&T Holdings (03928.HK): Ninth Capital Limited has been appointed as the independent financial advisor.
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