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Hainan Zhenghe Industrial Group Co Ltd Announces Changes of Shareholding Structure

Friday, 15 Nov 2013 07:00pm EST 

Hainan Zhenghe Industrial Group Co Ltd announced that its controlling shareholder, a Guangxi-based industrial group company, has sold 250,000,000 shares (20.49% stake) in the Company to four individuals, a Beijing-based capital management center and an Anhui-based commercial development company on November 14, 2013. As a result, the Guangxi-based company has decreased stake in the Company from 56.66% (691,300,347 shares) to 36.17% (441,300,347 shares), and the Beijing-based center has increased stake from 0% to 5.737% (70,000,000 shares).