Langold Real Estate Co.Ltd(002305) : Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) it is proposed to replace the real estate sector assets with the power grid auxiliary assets of the power construction group

On January 6, Langold Real Estate Co.Ltd(002305) disclosed the announcement on the change of property rights of the company’s controlling shareholders.

According to the announcement, recently, Langold Real Estate Co.Ltd(002305) received a notice from the controlling shareholder Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Real Estate Group Co., Ltd. (hereinafter referred to as “power construction real estate”) to fulfill the relevant commitments of Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) (hereinafter referred to as ” Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) “) and its controlling shareholder China Power Construction Group Co., Ltd. (hereinafter referred to as “Power Construction Group”), Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) it is proposed to replace the real estate assets held by the power construction group with the high-quality power grid auxiliary assets held by the power construction group, and the difference will be made up in cash. If the transaction is completed, Langold Real Estate Co.Ltd(002305) controlling shareholder and actual controller will not change, and the equity level will change.

Before the implementation of the transaction, the electricity construction real estate directly held Langold Real Estate Co.Ltd(002305) 22.43% shares, indirectly holding Langold Real Estate Co.Ltd(002305) 18.06% shares through the wholly owned subsidiary of Wuhan Xintiandi Investment Co., Ltd., and the total number of electric construction and real estate holding 40.49% stake in Langold Real Estate Co.Ltd(002305) was Langold Real Estate Co.Ltd(002305) controlling shareholder. Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) holds 100% equity of power construction real estate and is the indirect controlling shareholder of Langold Real Estate Co.Ltd(002305) ; Power construction group is the controlling shareholder of Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) and the actual controller of Langold Real Estate Co.Ltd(002305) .

After the implementation of this transaction, power construction group will directly hold 100% equity of power construction real estate, and the proportion of Langold Real Estate Co.Ltd(002305) shares held by power construction real estate will remain unchanged.

With regard to the impact of this transaction on the company, Langold Real Estate Co.Ltd(002305) said that the controlling shareholders and actual controllers of the company will continue to actively support the follow-up development of Langold Real Estate Co.Ltd(002305) through their own resources and ability advantages. This transaction will not have an adverse impact on the production, operation and business development of the company, and will not damage the interests of the company, shareholders, especially minority shareholders.

(Beijing News)

 

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