Jiangsu Etern (600105.SH): Shanghai Pucheng plans to sell 82.34% equity in Dongjiao Real Estate and 82.34% equity in Dongjing Real Estate.

date
21:43 24/12/2024
avatar
GMT Eight
Eternal Ding Group (600105.SH) announcement, the company's joint venture company Shanghai Dongchang Investment and Development Co., Ltd. (hereinafter referred to as "Dong...
Announcement of Jiangsu Etern (600105.SH): The subsidiary of Shanghai Dongchang Investment Development Co., Ltd. (referred to as "Dongchang Investment", in which the company holds a 50% stake), Shanghai Pucheng Real Estate Development Co., Ltd. (referred to as "Shanghai Pucheng", with Dongchang Investment holding a 99% stake) signed a equity transfer agreement with Shanghai Jiuyun Chenghe Enterprise Management Co., Ltd. (referred to as "Shanghai Jiuyun Chenghe") on December 24, 2024. Shanghai Pucheng transferred its 82.34% stake in Shanghai Dongjiao Real Estate Development Co., Ltd. (referred to as "Dongjiao Real Estate") to Shanghai Jiuyun Chenghe for a transfer price of 511 million yuan; it also transferred its 82.34% stake in Shanghai Dongjing Real Estate Development Co., Ltd. (referred to as "Dongjing Real Estate") to Shanghai Jiuyun Chenghe for a transfer price of 16.6263 million yuan. After the transaction is completed, Shanghai Pucheng will no longer hold stakes in Dongjiao Real Estate and Dongjing Real Estate.