December 27, 2017 / 5:16 AM / 6 months ago

BRIEF-Controlling shareholder to transfer shares of Shenzhen Overseas Chinese Town to two firms

* Says its controlling shareholder, Overseas Chinese Town Holdings Company plans to transfer 531.7 million shares of the company to two firms, which are wholly owned by State-owned Assets Supervision and Administration Commission of the State Council, and no payment needed for the shares transfer

* Says its controlling shareholder will cut stake in the company to 47 percent from 53.5 percent

* Says the two firms will increase stake in the company to 3.2 percent respectively

Source text in Chinese:goo.gl/7nk4Mf

Further company coverage: (Beijing Headline News)

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