China United Travel's Controlling Shareholder Changes to Jiangxi Maitong

Corporate Action
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Summary · why it matters

China United Travel announced that the company's issuance of shares to acquire 100% equity of Jiangxi Runtian Industrial has completed share registration. Jiangxi Maitong Health Beverage Development Co., Ltd. obtained 336 million new shares, representing a 28.86% stake, becoming the company's controlling shareholder. The company's actual controller remains the Jiangxi Provincial State-owned Assets Supervision and Administration Commission, with no change in control.

Impact on stocks 1

Others▲ · 1 stocks
China United Travel Co Ltd
600358
± MixedCapitalrelevance

Controlling shareholder changes to Jiangxi Maitong via share issuance, but actual controller remains same; net effect unclear.

Off-coverage companies 1

Jiangxi Runtian Industry Co., Ltd.Private▲ Positive
Capitalrelevance

Jiangxi Runtian Industrial's equity acquired by China United Travel, completing share registration.

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