Jiangsu Etern (600105.SH): Shanghai Pucheng plans to sell 82.34% equity in Dongjiao Real Estate and 82.34% equity in Dongjing Real Estate.
24/12/2024
GMT Eight
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.