Mar 15, 2021 10:15 PM (GMT+8) · EqualOcean
Zheng Meiji announced that recently, the company received the "repurchase notice" issued by Zhongan merchants. Zhongan merchants required the company to acquire 24.49% equity of Zhengzhou Shengji (corresponding to the registered capital of Zhengzhou Shengji of 600 million yuan) based on the agreement of the "joint investment agreement". Based on the agreement of the "joint investment agreement" and the negotiation between the company and Zhongan merchants, the company agreed to buy back the equity of Zhengzhou Shengji held by Zhongan merchants. After the buyback, Zhengzhou Shengji will become a wholly-owned subsidiary of the company.