Jiangxi Guotai Civilian603977
± MixedCapitalrelevance
Guotai Group is divesting a 45% stake in Hongtai Logistics, which will deconsolidate the subsidiary; impact depends on the sale price relative to book value.

Guotai Group announced that its wholly-owned subsidiary Henghe Investment plans to publicly list its 45% equity stake in Jiangxi Hongtai Logistics Co., Ltd. for transfer through the Jiangxi Property Rights Exchange, with a floor price of 173 million yuan. After the completion of this transaction, Henghe Investment will no longer hold any equity in Hongtai Logistics, and Hongtai Logistics will no longer be included in the consolidated financial statements of Guotai Group.
Jiangxi Guotai CivilianGuotai Group is divesting a 45% stake in Hongtai Logistics, which will deconsolidate the subsidiary; impact depends on the sale price relative to book value.