CSG Technology: The controlling shareholder plans to become CSG Technology Industrial Group
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CSG Technology announced that its controlling shareholder, China Southern Power Grid Co., Ltd., is planning to establish a wholly-owned subsidiary, CSG Technology Industrial Group, and intends to transfer the equity held by Guangdong Power Grid and CSG Industrial Development Group to the new company without compensation. After the transfer is completed, the controlling shareholder will change from Guangdong Power Grid to CSG Technology Industrial Group, while the actual controller will remain the State-owned Assets Supervision and Administration Commission of the State Council
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