How many shares does KONE have in giant KONE Elevator Company?

It used to account for 40%, and now KONE holds 80% of the shares in the giant KONE elevator and becomes the controlling party. Related information: On the afternoon of May 9, 20 1 1, the signing ceremony for the equity transfer of Giant Kone Elevator was held in the conference center of Giant Kone Headquarters in Nanxun, Zhejiang. The equity transfer agreement involves Kone's acquisition of 40% equity of Giant Kone Elevator Co., Ltd. from Giant Holdings. After this transaction, KONE's equity in giant KONE will rise from 40% to 80%, becoming the controlling party of giant KONE; Giant Holdings Limited, as the Chinese shareholder of Giant Kone, holds 20% of the shares; Giant kone will continue to operate independently. The entry into force of the agreement requires the approval of relevant government departments in China, so the transaction is expected to be completed in the third quarter of October1/kloc-0.