TIMES: The Guangzhou State-owned Assets Supervision and Administration Commission will become the actual controller of the company
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TIMES announced that its controlling shareholder, Xintai Investment, has signed a share transfer agreement with Guangzhou Light Industry Group, intending to transfer 32.8132 million shares, accounting for 29.99% of the total share capital. At the same time, Xintai Investment and other shareholders will waive the voting rights of 23.1868 million shares. If the share transfer is completed, Guangzhou Light Industry Group will become the controlling shareholder, and the Guangzhou State-owned Assets Supervision and Administration Commission will become the actual controller
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