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Changan Minsheng APLL Logistics Co ( (HK:1292) ) has issued an announcement.
Changan Minsheng APLL Logistics Co., Ltd. announced the approval of a demerger of its indirect controlling shareholder, China South Industries Group Co., Ltd. (CSGC), by the State Council of the People’s Republic of China. This reorganization will see CSGC’s automobile business transferred to a new state-controlled central enterprise, with the State-owned Assets Supervision and Administration Commission acting as the capital contributor. The demerger is not expected to adversely affect the company’s operations, and the ultimate control of the company will remain unchanged.
More about Changan Minsheng APLL Logistics Co
Changan Minsheng APLL Logistics Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the logistics industry, focusing on providing comprehensive logistics services. The company is listed on the Stock Exchange of Hong Kong and is indirectly controlled by China South Industries Group Co., Ltd.
Average Trading Volume: 83,241
Current Market Cap: HK$453.8M
Learn more about 1292 stock on TipRanks’ Stock Analysis page.
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