TIANYE WATER's controlling shareholder, TIANYE Group, plans to establish Xinjiang Tianze Water Conservancy Investment Development Co., Ltd. with the State-owned Assets Supervision and Administration Commission of the Eighth Division
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TIANYE WATER announced that its controlling shareholder, TIANYE Group, intends to jointly establish Xinjiang Tianze Water Investment Development Co., Ltd. with the State-owned Assets Supervision and Administration Commission of the Eighth Division. According to the proposal, the State-owned Assets Supervision and Administration Commission will transfer 37.5% of the equity of the new holding company to TIANYE Group at zero cost, and the latter will contribute its entire equity in TIANYE WATER to meet the target capital. The restructuring is still in the preliminary stage, and there is no guarantee of final implementation
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