Xin Jie Steps Down as Legal Representative of Shenzhen Metro Group, Huang Liping Takes Over

Deep News12-01

Recent updates from the National Enterprise Credit Information Publicity System show that Shenzhen Metro Group Co., Ltd. (Shenzhen Metro Group) has undergone industrial and commercial changes, with Xin Jie stepping down as legal representative, succeeded by Huang Liping. Concurrently, Huang Liping’s role has shifted from General Manager to Manager.

Shenzhen Metro Group is the largest shareholder of CHINA VANKE (SZ000002). On October 13, CHINA VANKE announced that its board meeting elected Huang Liping as Chairman, while Xin Jie resigned from the position.

Separately, Tianyancha risk information reveals that CHINA VANKE recently faced an additional equity freeze involving Shenzhen Vanke Development Co., Ltd., with frozen equity amounting to RMB 570 million for a three-year period, as ordered by the Dongguan Intermediate People’s Court in Guangdong Province.

Additionally, according to disclosures by VANKE ONEHOME (HK02602), a subsidiary of CHINA VANKE, its controlling shareholder CHINA VANKE has pledged 15.3211 million shares to Shenzhen Metro Group. Following this pledge, the cumulative proportion of pledged shares in VANKE ONEHOME has reached a significant level relative to CHINA VANKE’s total holdings.

Disclaimer: The content and data herein are for reference only and do not constitute investment advice. Verification is recommended before use. Any actions taken are at the reader’s own risk.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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