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Kingee Culture Development Transfers Two Subsidiaries to Another Subsidiary
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(MT Newswires) -- Beijing Kingee Culture Development (SHE:002721) planned to transfer its wholly-owned subsidiaries, Zhejiang Yuewang Jewelry and Jiangsu Haijin Yingtai Culture Development, according to a Shenzhen bourse filing on Wednesday. The Chinese gold and jewelry company's shares dropped over 2% at the close of Thursday. The subsidiaries will be transferred to another subsidiary, Beijing Yuewang Culture. The planned transfer, which was proposed in December 2024, has no cash payment involved.
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