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Huafang Shares (600448): Shareholders Signed The Agreement On Free Transfer Of State-Owned Shares.
Ge Long Hui June 11th 600448.SH, announced that in June 11, 2020, the company received the notice of Binzhou finance and binyin group. Binzhou finance and binyin group have signed the "state owned shares free transfer agreement", which will hold about 27 million 564 thousand and 500 shares of China Textile Limited by Share Ltd held by binyin group, including about 22 million 970 thousand and 400 shares held by Binzhou SASAC approval and SASAC. After the resumption of the 11 day of June 2020, about 4 million 594 thousand and 100 shares of China Textile share rights were allocated, which accounted for 4.38% of the total share capital of the target company and transferred to Binzhou's capital without compensation.
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