On April 24th, Grenhui announced that Nanning Sugar Industry (0009 1 1. SZ) It is planned to jointly hold 0/00% equity of its wholly-owned subsidiary Nanning Xiangshan Sugar Company/KLOC with Guangxi Rural Investment Group Co., Ltd. (Nongtou Group) and its related party Nanning Luhua Investment Co., Ltd. (Luhua Company).
This transaction constitutes a connected transaction. According to preliminary research and calculation, this transaction is expected to constitute a major asset restructuring as stipulated in the Measures for the Administration of Major Asset Restructuring of Listed Companies.