Nanfang Shares (600250): The Transfer Of The Underlying Assets To Qinhuai Has Become A Subsidiary Of The Company.
600250.SH announced that in December 20, 2019, according to the acknowledgement letter of the agreement on the transfer of specific matters concerning the Qinhuai scenery, issued by the National SME share transfer system limited liability company (stock transfer system Letter No. [2019]5030), the company completed the transaction with the trading partner of Nanjing Confucius Temple Cultural Tourism Group Co., Ltd. in China Securities Depository and Clearing Co., Ltd. Registration procedures for the transfer of 51% shares of Nanjing Qinhuai scenery and tourism Limited by Share Ltd (hereinafter referred to as Qinhuai scenery).
So far, the 51% stake in the Qinhuai assets of the transaction has been transferred to Nanfang share, and Qinhuai has become a subsidiary of the company.
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