Baoding Technology: The State-owned Assets Supervision and Administration Commission of Zhaoyuan City will transfer 100% of its equity in Jindu Guotou to Zhaojin Group
Baoding Technology announced that the State-owned Assets Supervision and Administration Commission of Zhaoyuan City will transfer its 100% equity in Jindu Guotou to Zhaojin Group. Before the acquisition, Zhaojin Group directly held 1.23% of Baoding Technology's shares and indirectly held 6.88%. Jindu Guotou held 116 million shares, accounting for 29.91%. After the acquisition, Zhaojin Group will indirectly hold the same shares through Jindu Guotou, with the controlling shareholder and actual controller remaining unchanged
According to the announcement from Baoding Technology (002552.SZ), the Zhaoyuan Municipal Party Committee and Municipal Government have made arrangements for the optimization and integration of municipal enterprises, as well as the equity transfer agreement regarding Shandong Jindu State Capital Investment Group Co., Ltd. The Zhaoyuan State-owned Assets Supervision and Administration Commission will transfer 100% of the equity of Jindu Guotou to Zhaojin Group.
Before this acquisition, Zhaojin Group directly held 1.23% of the company's shares and indirectly held 6.88% of the company's shares through its subsidiary Zhaojin Nonferrous Mining Co., Ltd. Jindu Guotou held 116 million shares of the company (accounting for 29.91% of the total share capital), with Jindu Guotou being the direct controlling shareholder and the actual controller being the Zhaoyuan Municipal People's Government.
This acquisition allows Zhaojin Group to obtain 100% of the equity of Jindu Guotou through the transfer of state-owned equity. After the completion of this acquisition, Zhaojin Group will still have Jindu Guotou as the direct controlling shareholder, with the actual controller remaining the Zhaoyuan Municipal People's Government, while holding 1.23% of the company's shares directly and 6.88% of the company's shares indirectly through Zhaojin Nonferrous Mining Co., Ltd., along with the indirect holding of 116 million shares of the company (accounting for 29.91% of the total share capital)
