On April 13th, Huajin Capital (000532. SZ) announced that the company has received a notice from its controlling shareholder Huafa Technology that its upper level equity structure is expected to undergo changes. According to the notice from Zhuhai State owned Assets Supervision and Administration Commission, Huafa Group and Zhuhai Gree Group will jointly establish Zhuhai Science and Technology Industry Group Co., Ltd. Huafa Group will inject some equity and assets (including Huafa Technology equity) into Zhuhai Science and Technology Group. After integration, Zhuhai Technology Group will become a shareholder of Huafa Technology, which will remain the controlling shareholder of Huajin Capital and the actual controller will still be the Zhuhai State owned Assets Supervision and Administration Commission. This equity structure change will not have a substantial impact on the operation and production activities of Huajin Capital.
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