Jiawei Xineng Transferred 18.69% Of The Equity Of Guangheng Financial Holding For 1 Yuan

- Feb 23, 2019-

Yesterday (21) evening, jiawei xineng issued an announcement to announce the transfer of 18.69% of the equity of guangzhou evergrande financial holding company to guangzhou dongxin investment management co., LTD at the price of 1 yuan.


According to the announcement, the company held on November 6, 2017, the 18th session of the third session of the board of directors reviewed and adopted the "bill about foreign investment to set up the joint-stock company, agreed to the company to use its own funds 100 million yuan and the Shanghai yuan heng tao jie investment development co., LTD., China (Shanghai) investment management co., LTD., guangzhou east xin investment management co., LTD., guangzhou citic business management partnership (limited partnership) joint venture in the establishment of the company.


The joint-stock company was registered and established on February 9, 2018, and its name is guangheng financial holding co., LTD. (hereinafter referred to as "guangheng financial holding"), with a registered capital of 535 million yuan. Its business scope is investment and asset management (excluding finance and insurance asset management).

The company holds 18.69% of the equity of guangheng financial holding, and the amount of capital contribution shall be 10,000 yuan, while the actual amount of capital contribution shall be 0 yuan.


At that time, the company participated in the establishment of guangheng financial holding with the purpose to achieve the organic combination of industrial capital and financial capital, build a financial platform, and better serve the real economy through financial capital.

However, due to the influence of the policies and market environment related to private equity fund and other objective conditions, the business development of the platform is limited.

After consideration and negotiation of all parties, the company decides to transfer 18.69% of the equity of guangzhou evergrande financial holding to guangzhou dongxin investment management co., LTD at the price of 1 yuan.


Jiawei xineng said that the above equity transfer has recently completed the industrial and commercial registration, the company no longer holds the equity in kwong heng finance holding.