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Shengtai Group (605138.SH): Subsidiary Hunan Xinma intends to transfer its 15.6580% equity in Tianhong Trading to Yangzhou Xinjia Eco-Friendly Concept by agreement.
On December 6, Gelonghui reported that Sheng Tai Group (605138.SH) announced, according to the overall planning of Tianhong Trade's shareholders and in conjunction with the company's global strategy development plan, to further optimize the asset structure and focus on the main business development. Its wholly-owned subsidiary, Hunan Xinma, intends to transfer its 15.6580% equity in Tianhong Trade to Yangzhou Xinjia eco-friendly concept under an agreement, with the equity transfer amounting to 280.0159 million yuan (including tax). After this transfer, Hunan Xinma will no longer hold any equity in Tianhong Trade.
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