Shenda Shares (600626): Completion Of Pfer Of 100% Interest Of Six Cotton Mill Limited

Ge Long Hui May 10th Shenda shares (600626) (600626.SH) announced that the company held the sixteenth meeting of the ninth board of directors in August 29, 2018 and the first provisional shareholders' meeting in 2018. It agreed that the company passed the joint stock exchange, so it was not less than the assessed value of 886 million yuan registered by the state assets. The Shanghai Sixth cotton textile mill Limited (hereinafter referred to as "six cotton plant Limited" and "target enterprise") was publicly listed and pferred.

After the eighteenth meeting of the ninth board of directors held in December 28, 2018 and the first provisional shareholders meeting held in 2019 in January 14, 2019, the company agreed to adjust the pfer price of 100% rights and interests of the six cotton mill Co., Ltd., that is, 90% (90%) -100% of the assessed value passed through the state owned assets, which was pferred publicly through the stock exchange to 100% rights and interests of six cotton plant limited.

From February 26, 2019 to March 25, 2019, the company pferred 100% rights and interests of six cotton mill limited by 797 million 216 thousand and 400 yuan to the stock exchange. During the listing period, it was collected to an intention pferee, namely Shanghai Xinghai fashion property management and Management Co., Ltd. (hereinafter referred to as "Xinghai fashion property company" and "Transferee").

In March 26, 2019, the company signed the contract of property right paction with Xinghai fashion property company, and pferred the 100% rights and interests of six cotton plant Co.

On the same day, the company obtained the "property paction voucher" issued by the stock exchange.

In March 27, 2019, the company received the entire paction price of the pfer of interests.