The hottest st Yaohua announced the announcement o

2022-09-19
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"St Yaohua" announced the announcement on the progress of the implementation of major restructuring

Qinhuangdao Yaohua Glass Co., Ltd. signed the relevant delivery confirmation documents of assets placed and assets placed with Jiangsu Phoenix publishing media group Co., Ltd. (hereinafter referred to as "Phoenix Group") and China Yaohua Glass Group Co., Ltd. (hereinafter referred to as "Yaohua Group") on December 28, 2009, Jiangsu Fenghuang Real Estate Co., Ltd. (hereinafter referred to as Fenghuang real estate) has transferred 100% of its equity to the name of a large company

since that date, the company has created a 100% environmental friendly shell department. All assets and liabilities have been received by Yaohua Group, and all employees have also been received and settled by Yaohua Group, which has a fatal impact on the link of industrial manufactured products. The company holds 100% equity of Phoenix real estate; The share transfer price of Yaohua Group transferring shares to Phoenix Group has been fulfilled by Phoenix Group, and the transfer procedures of such shares are being handled; The company's obligation to pay consideration for the non public issuance of RMB ordinary shares to Phoenix Group has been fulfilled by Phoenix Group

after the completion of the above procedures related to the transfer of shares (excluding the non public issuance department), Yaohua Group no longer holds the company's shares, while Phoenix Group holds the company's shares, with a shareholding ratio of 47.49%

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