---
title: "JSGT: The controlling shareholder transferred equity without compensation, and the actual controller changed to the State-owned Assets Management Center of Zhangjiagang City"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258527299.md"
description: "JSGT announced that the controlling shareholder and actual controller plan to transfer equity without compensation. The Zhangjiagang Municipal People's Government will transfer its 100% equity in Jiangsu Guotai International Trade Co., Ltd. to a wholly-owned state-owned company funded by the Zhangjiagang State-owned Assets Management Center without compensation. After the transfer, the controlling shareholder remains unchanged, while the actual controller will change to the Zhangjiagang State-owned Assets Management Center. This matter is pending the signing of a formal agreement by both parties and the completion of the delivery"
datetime: "2025-09-23T12:24:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258527299.md)
  - [en](https://longbridge.com/en/news/258527299.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258527299.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/258527299.md) | [繁體中文](https://longbridge.com/zh-HK/news/258527299.md)


# JSGT: The controlling shareholder transferred equity without compensation, and the actual controller changed to the State-owned Assets Management Center of Zhangjiagang City

Jiangsu Guotai announced that the company's controlling shareholder and actual controller are planning to transfer equity without compensation. The People's Government of Zhangjiagang City, Jiangsu Province intends to transfer its 100% equity in Jiangsu Guotai International Trade Co., Ltd. to the wholly state-owned company Zhangjiagang Industrial Development Group Co., Ltd., which is funded by the Zhangjiagang State-owned Assets Management Center, without compensation. After this transfer, the company's controlling shareholder will remain unchanged, still being International Trade, while the actual controller of the company will change to the Zhangjiagang State-owned Assets Management Center. This transfer without compensation is pending the signing of a formal agreement and completion of the delivery by both parties involved in the transfer

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