Fuxing Co. to transfer all equity in Tianli Real Estate for 650 million yuan

Corporate Action
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Summary · why it matters

Fuxing Co. announced that its wholly-owned subsidiaries Fuxing Huiyu Holdings Co., Ltd. and Wuhan Dingzhong Real Estate Development Co., Ltd. plan to transfer their combined 100% equity stake in Tianli Real Estate (Wuhan) Co., Ltd. to Wuhan Financial Holdings (Group) Co., Ltd. After preliminary negotiations, the tentative intended transfer price for the 100% equity stake in Tianli Real Estate is 650 million yuan.

Impact on stocks 1

Others · 1 stocks

Off-coverage companies 3

天立不动产(武汉)有限公司Private± Mixed
Capitalrelevance

Target of equity transfer, ownership change.

武汉鼎中地产开发有限公司Private± Mixed
Capitalrelevance

Subsidiary transferring equity, part of parent's divestment.

福星惠誉控股有限公司Private± Mixed
Capitalrelevance

Subsidiary transferring equity, part of parent's divestment.