Guotai Group Plans to List 45% Stake in Hongtai Logistics for Transfer at a Floor Price of 173 Million Yuan

Corporate Action
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Summary · why it matters

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.

Impact on stocks 1

Others · 1 stocks
Jiangxi Guotai Civilian
603977
± 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.

Off-coverage companies 2

恒合投资Private± Mixed
relevance

江西宏泰物流有限公司Private± Mixed
relevance