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Langold Real Estate (002305.SZ): The Wuhan headquarters plans to reduce the capital of Nanjing Jinhua.
On March 21, Gelonghui reported that Langold Real Estate (002305.SZ) announced that Nanjing Jinhua Real Estate Co., Ltd. (referred to as "Nanjing Jinhua") is a subsidiary of the company's wholly-owned subsidiary Wuhan Base Camp Commercial Management Co., Ltd. (referred to as "Wuhan Base Camp"). The projects developed by Nanjing Jinhua have been completed and delivered. To optimize the company's resource allocation and improve capital utilization, Wuhan Base Camp intends to reduce its investment in Nanjing Jinhua. Specifically, the investment amount by Wuhan Base Camp will decrease from 79.5 million yuan to 5 million yuan according to the shareholding ratio; Other shareholders of Nanjing Jinhua, China Merchants Shekou Industrial Zone Holdings Co., Ltd. (Nanjing) and Jiangsu Poly Ningcheng Real Estate Development.
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Langold Real Estate (002305.SZ): The controlling shareholder is merging with its concerted actors.
Gelonghui November 19th, Langold Real Estate (002305.SZ) announced that it recently received a notice from the company's controlling shareholder, Power Construction Corporation of China, Ltd (referred to as "Power Construction Real Estate"), regarding the merger of Wuhan Xintiandi Investment Co., Ltd by Power Construction Real Estate. Power Construction Real Estate intends to merge its wholly-owned subsidiary and concerted action party Wuhan Xintiandi Investment Co., Ltd (referred to as "Wuhan Xintiandi"). After the completion of this merger, Wuhan Xintiandi will apply for dissolution and cancellation, and at the same time, will hold 313,215,984 shares of the company's stocks (accounting for 18% of the total share capital) will be dissolved.
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