The announcement published by Shanghai Sanmao today confirmed the news that its national stock was transferred and moved west to Chongqing.
According to the announcement, Shanghai Textile Holdings (Group) Co., Ltd. signed an agreement with Chongqing Light Textile Holding (Group) Co., Ltd. on February 26 to transfer its holdings of Shanghai Sanmao 72,572,143 shares (accounting for 36.11% of the total share capital) to Chongqing Light. Spinning. After the completion of the equity transfer, Chongqing Light Textile will become the controlling shareholder of Shanghai Sanmao. Chongqing Light Textile also promised to propose a share change within three months from the date of approval of the equity transfer by the State-owned Assets Supervision and Administration Commission.
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