Yatai Group is planning to sell its stake in Northeast Securities, and the transaction is still in progress.
On March 27, 2024, Jilin Yatai Co., Ltd. plans to sell 20.81% of its shares in Northeast Securities to Changfa Group and 9% of its shares to Changchun City Golden Control or its designated subsidiary, constituting a major asset restructuring. The company has disclosed progress on multiple occasions since March 28, 2024. As of the announcement disclosure date on August 29, the company has been continuously communicating and negotiating with relevant parties regarding the major asset sale, actively advancing due diligence and other work. However, the transaction is still in the planning stage, with the specific plan pending demonstration and negotiation, and the necessary decision-making and approval procedures needing to be followed. There is uncertainty regarding related matters. The company will fulfill its disclosure obligations in accordance with regulations and remind investors to pay attention to risks.
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