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Shanghai Sanmao Enterprise (600689.SH): Shareholder signs the "Custody Agreement".
On January 3, GeLong Hui reported that Shanghai Sanmao Enterprise (600689.SH) announced that it received a notice from its controlling shareholder, Light Textile Group. It is understood that Light Textile Group has signed a "Custody Agreement" with the Chongqing State-owned Assets Supervision and Administration Commission, YuFu Holdings and Electromechanical Group. The agreement stipulates that the Chongqing State-owned Assets Supervision and Administration Commission and YuFu Holdings will entrust Light Textile Group to Electromechanical Group for management, exercising shareholder and shareholder meeting rights/powers except for shareholder income rights and the disposal rights of the entrusted symbol. They will also perform related shareholder and shareholder meeting obligations. The custody period is from the effective date of the "Custody Agreement" until this agreement is terminated or dissolved. The actual controllers of YuFu Holdings and Electromechanical Group are both Chongqing.
Express News | Custody, transfer, integration Local state-owned asset reform actions are frequent.
Express News | Shanghai sanmao enterprise: The controlling shareholder is proposed to be managed by the electromechanical group.
Express News | shanghai sanmao enterprise: No plans for mergers and acquisitions.
shanghai sanmao enterprise (600689.SH): Holding subsidiary applies for bankruptcy liquidation
On November 4th, Gelonghui reported that Shanghai Sanmao Enterprise (600689.SH) announced that its subsidiary, Shanghai Yitiao Textile Co., Ltd. (referred to as "Yitiao Company"), entered the company through asset replacement in May 2002. Due to its long-term lack of production and operation activities, and being in a state of insolvency, the company convened the 11th board of directors' second extraordinary meeting for the year 2024 on November 4, 2024, and approved the "Proposal on the Company's Subsidiary Applying for Bankruptcy Liquidation," agreeing that Yitiao Company will apply for bankruptcy liquidation to the court.
Shanghai Sanmao: Report of Shanghai Sanmao Enterprise (Group) Co., Ltd. for the third quarter of 2024