Mar 28, 2021 04:09 PM (GMT+8) · EqualOcean
TIANYAO shares announced that pharmaceutical group, the indirect controlling shareholder of the company, has carried out the reform of mixed ownership of state-owned enterprises, and the ultimate transferee of 67% of its shares publicly listed transfer project is Tianjin Shanghai Shenzhen company. On March 26, 2021, the Pharmaceutical Group has completed the industrial and commercial registration procedures for the equity transfer. The pharmaceutical group changed from 100% holding of Bohai state-owned assets to 67% holding of Tianjin Shanghai Shenzhen company and 33% holding of Bohai state-owned assets. After this change, the state owned assets supervision and Administration Commission of Tianjin Municipal People's government is no longer the actual controller of the company, the company's indirect controlling shareholder, pharmaceutical group and its number of shares remain unchanged, and the company is indirectly controlled by Tianjin Hushen company; Tianjin Hushen company has no actual controller.