Jiangsu Wanlin Modern Logistics (SHA:603117) said a share transfer deal between controlling shareholder Gongqingcheng Surui Investment and investor Huang Fei was mutually terminated.
In August, Gongqingcheng Surui Investment agreed to sell 77.6 million shares, or a nearly 13.0% stake, part of which involved an upfront payment of 150 million yuan, according to a Tuesday filing with the Shanghai bourse.
Gongqingcheng Surui Investment will refund the full 150 million yuan to Huang Fei within 10 business days.
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.
Comments