Valiant receives approval for share transfer
China Energy Conservation and Environmental Protection Group (CECEP), the controlling shareholder of Valiant (SZSE:002643), has received approval from the State-owned Assets Supervision and Administration Commission of the State Council for the transfer of 46,505,308 shares in Valiant to Sinopec Capital. This represents 5% of Valiant's total share capital. The transfer is priced at RMB 13.23 per share, totaling RMB 615,265,224.84. The initial agreement was signed on January 6, 2025. While CECEP will remain Valiant's controlling shareholder after the transfer, the deal still requires Shenzhen Stock Exchange compliance confirmation and registration with China Securities Depository and Clearing Corporation.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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