Search
Hunan Tianyan has announced a significant corporate restructuring involving China South Industries Group Corporation Limited. This restructuring entails the transfer of the group's automotive business to the newly established China Changan Automobile. Pursuant to the "Division Agreement," China Changan Automobile will assume full ownership of the equity in Chenzhi Group, effectively holding an indirect 37.25% stake in Hunan Tianyan, thereby becoming its indirect controlling shareholder. Nevertheless, the ultimate controlling authority of the company remains with the State-owned Assets Supervision and Administration Commission of the State Council. In compliance with the "Measures for the Administration of Acquisitions of Listed Companies," China Changan Automobile is exempt from the obligation to increase its shareholding through a tender offer.
-
C114 Communication Network -
Communication Home
