TODAY'S MARKET INTELLIGENCE
Nanjing Commercial Travel: State-owned Capital Group to Indirectly Control 34.78% Stake
English summary
Nanjing Commercial Travel announced that Nanjing SASAC plans to contribute shares of Urban Construction Group to State-owned Capital Group. After the capital increase, the Group will control the travel unit, indirectly controlling 34.78% of the company. The controlling shareholder and actual controller remain unchanged, and the acquisition is exempt from a mandatory offer.
The English text is machine translated and may require verification against the Chinese version.
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