Guangdong Golden Dragon progresses on major asset restructuring

Guangdong Golden Dragon Development (SZSE:000712) announced further progress in its planned major asset restructuring, initially disclosed on June 6, 2024. The core of the restructuring involves the potential transfer of the company's 67.78% stake in Zhongshan Securities. Currently, the proposed transaction is listed on the Shanghai United Assets and Equity Exchange. The company has engaged securities service providers to conduct due diligence, auditing, and valuation work. Guangdong Golden Dragon emphasizes that the restructuring will proceed in compliance with relevant regulations and that all key developments will be disclosed in a timely manner. The company reminds investors that the restructuring is subject to regulatory approvals and carries inherent uncertainties.