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Yabang Group: Change of actual controller to Wujin State-owned Assets Management
On October 24th, Jin10 News reported that Yabang shares announced that according to the execution order issued by the Intermediate People’s Court of Changzhou City, Jiangsu Province, the court ruled that Yabang Group and its concerted action person, Xu Xudong, will deliver 118.9 million shares of Yabang shares held by them to compensate for the debt of Guojing Group. After the change, the total number of shares held by Yabang Group and its concerted action person decreased from 127.4 million shares to 8.511673 million shares, accounting for a proportion of 1.49% of the total share capital of the company. The controlling shareholder of the listed company changed from Yabang Group to Guojing Group, and the actual controller changed from Xu Xiaochu and Xu Yunxia to Wujin State-owned Assets Office.