Shenzhen Wenke Landscape Co.Ltd(002775) the actual controller is proposed to be changed to Foshan SASAC

Shenzhen Wenke Landscape Co.Ltd(002775) it is announced that the controlling shareholder and actual controller of the company, Li Congwen and Zhao Wenfeng, and the shareholder acting in concert, liberal arts holdings, intend to transfer part of its shares to Foshan construction and Development Investment Co., Ltd. (hereinafter referred to as “Foshan construction investment”), totaling 117936422 shares (accounting for about 23.00% of the total share capital of the company); Meanwhile, liberal arts holdings promises that from the date of completion of the share transfer, liberal arts holdings will entrust all the voting rights of its remaining 19509978 shares (accounting for about 3.80% of the total shares of the company) to Foshan construction investment. After the agreement transfer and voting right entrustment are completed, the proportion of Foshan construction investment holding the voting right of the company will reach 26.80%, Foshan construction investment will obtain the control right of the company, and the actual controller of the company will be changed to the state owned assets supervision and Administration Commission of Foshan Municipal People’s government.

Foshan construction investment has signed a conditional share subscription agreement with the company, and Foshan construction investment plans to subscribe for no more than 100000000 non-public shares of the company in cash. Without considering the change in the number of share capital caused by other factors such as the conversion of convertible bonds into shares, according to the issuance ceiling, the proportion of voting rights of Foshan construction investment will reach 38.75% of the total share capital of the company after issuance. After the issuance, Foshan construction investment will further consolidate its control over the company.

(Shanghai Securities News · China Securities Network)

 

- Advertisment -