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    *ST Kerry (002072): The Asset Grant Party Intends To Increase Its Stock By No Less Than 5% Of The Total Share Capital Of The Company.

    2020/1/3 10:37:00 0

    *ST KerryKai ReedGerman Cotton SharesTextile StocksThe Latest Announcement

    *ST 002072.SZ announced that in December 27, 2019, Ningbo Guang Shi Tian Trading Co., Ltd. and Shan Xilong Zhi Energy Chemical Co., Ltd. (the "asset donor") agreed to give Jingmen de Chi Property Management Co., Ltd. (99% stake in the company, the company's holding subsidiary, "de Chi property") donated to its total holdings of Shanxi Long Zhi Property Co., Ltd. ("Long Zhi property") 98.9% stake.

    Within 12 months from the completion of the industrial and commercial modification of the above donated equity, the asset donor party shall increase the number of shares that are not less than 5% of the total share capital of the company by means of agreement transfer, block trading, centralized bidding and so on.

    The plan is based on the expectation and judgement of the company's future. The operation and financial situation of the company has been deteriorating in recent years. Whether the measures taken by the company can solve the 2018 year audit report can not express the views of the parties concerned and eliminate the risk of the suspension of listing, there is a great uncertainty.

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