China Textile Shares (600448): 14.26% Of The Shares Of Binzhou State Investment Corporation Are Transferred To Binzhou For Free.
Ge Long Hui June 15th 600448.SH, announced that in June 13, 2020, the company received the Binzhou financial and Binzhou Investment Notice, Binzhou finance and Binzhou state investment has signed the "state owned shares free transfer agreement", the Binzhou state investment held 89 million 799 thousand and 941 shares (hereinafter referred to as the underlying shares, including the Binzhou SASAC approved the transfer of 74 million 833 thousand and 284 shares and Binzhou. After the approval of the SASAC, the 14 million 966 thousand and 657 shares of the shares in the 11 shares of China Textile share, which accounted for 14.26% of the total share capital of the target company in June 2020, were transferred to Binzhou's capital without compensation.
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