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RTNominal unchange9.780 0.000 (0.000%)

07/08/2020 11:40

CIMC (02039) unit gets capital from Country Garden (02007)

[ET Net News Agency, 7 August 2020] China International Marine Containers (Group) Co.,
Ltd. (02039) said according to the capital increase agreement dated 6 August 2020, Country
Garden will pay the additional capital of RMB1.61 billion to CIMC Skyspace Real Estate, an
indirect non-wholly owned subsidiary of the company, and the corresponding additional
capital to the equity value of uncompleted parts of Qianhai Projects (if any) will be
increased to a maximum of RMB39.01 million.
Upon the completion of the transaction, the equity interests in CIMC Skyspace Real
Estate held by Country Garden will increase from 25% to 30%.
Following the completion of capital increase, the equity interests of the company in
CIMC Skyspace Real Estate will be reduced to 57.4%, and CIMC Skyspace Real Estate remains
an indirect non-wholly owned subsidiary of the company. (RC)

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