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BRIEF-Lontrue's Ownership Set To Change After Controlling Shareholders Sell 23.9% Stake

05/11/2021 09:13
BRIEF-Lontrue's Ownership Set To Change After Controlling Shareholders Sell 23.9% Stake

- Lontrue Co Ltd 300175.SZ:

  • SAYS CONTROLLING SHAREHOLDERS AGREE TO SELL 23.9% STAKE IN THE COMPANY TO INVESTMENT JV FOR 775.7 MILLION YUAN ($120.69 million)

  • SAYS THE INVESTMENT JV WILL BECOME CO'S CONTROLLING SHAREHOLDER

  • SAYS TRADING IN SHARES TO RESUME ON MAY 12

Source text in Chinese: https://bit.ly/33Az69k ; https://bit.ly/3bfTUao

Further company coverage: 300175.SZ


($1 = 6.4270 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

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