Shaoxing Textile City Has Changed Hands Again.

12, reporters learned from the relevant departments of Shaoxing county that the wholly state-owned enterprises in the county - Shaoxing county China Light Textile City Development and Operation Co., Ltd. signed an equity pfer agreement with Zhejiang Jinggong Holdings Limited on the 11 th of this month. In order to acquire the 96 million 800 thousand shares of the "light Textile City" stake by "Jinggong holding", it will become the largest shareholder of the "Textile City".

This means that Shaoxing county has regained control of "Textile City".

"In order to further strengthen and strengthen the Chinese Textile City, and effectively enhance the government's leading role in the market development and regulation and control capabilities, some time ago, our county seized the favorable opportunity for the stock market to run at a low price. The state-owned light industry city development and Operation Co., Ltd., a wholly state-owned enterprise in Shaoxing, acquired the share of" light textile city "held by Zhejiang Jinggong holding limited by agreement, so as to realize the controlling shareholder of the" light textile city ".

Shaoxing county leaders told reporters.

According to the briefing, Shaoxing County Light Textile City Development and Operation Co., Ltd. is a wholly state-owned holding enterprise with a registered capital of 200 million yuan. It is fully funded by Shaoxing state owned assets investment and Management Co., Ltd., and it is operated independently and has an independent legal person qualification.

As of December 31, 2007, the total assets of the development company amounted to 10 billion 294 million yuan.

Reporter learned that, through the development company and the "Jinggong holding" both sides fully negotiated, the development company pfered some of the "light textile city" shareholding held by the "Jinggong holding", a total of 96 million 800 thousand shares, accounting for 15.64% of the total share capital, the pfer price of 3.60 yuan per share, the total pfer price of 348 million 480 thousand yuan, becoming the largest shareholder of the "Textile City".

"Jinggong holding" holds 64 million 800 thousand shares, accounting for 10.48% of the total share capital, and is the second largest shareholder.