COUNTRY GARDEN plans to sell approximately 11.063% of its shares in Blue Arrow Aerospace, with the proceeds intended for construction expenses related to ensuring delivery of buildings and other projects
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Country Garden plans to sell approximately 11.063% of its shares in Blue Arrow Aerospace, with the proceeds to be used for construction expenses related to ensuring delivery of buildings and other projects. The seller and buyer have signed a share transfer agreement to sell 15,798,100 shares for a total price of RMB 770 million. In addition, the seller will also sell 10,977,800 shares for a total price of RMB 535 million. The company stated that this move will help alleviate liquidity pressure and realize equity value
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