Evergrande parent company Guangzhou Kailong plans to transfer 29.9% shares of Jiakai City
Today, Jiakai city announced that its controlling shareholder, Guangzhou Kailong, has signed a "framework agreement on share transfer" with Shenzhen Huajian holdings to transfer 29.9% of Jiakai city's equity. This means that Evergrande will no longer hold Jiakai city after the completion of the transaction.
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