Jun 29, 2021 08:43 PM (GMT+8) · EqualOcean
GCL announced that Huaxin group, the controlling shareholder acting in concert, signed a share transfer agreement with Jiangsu GCL Construction Management Co., Ltd. on June 27. Huaxin Group intends to transfer its 520 million shares of GCL integration to GCL construction (GCL construction controls 51.14% of the equity of GCL group), accounting for 8.88% of the total equity of GCL integration. This equity change belongs to the internal transfer of different subjects under the same control. After the completion of this equity change, the company's control right will not be changed.