Guanghui Logistics to transfer unpaid equity in two subsidiaries for zero yuan; related party takes on 342 million yuan capital contribution obligation

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2▲1 ▼0Impact / 5
Summary · why it matters

Guanghui Logistics announced that it plans to transfer part of the unpaid equity in its wholly owned subsidiaries Ningxia Coal Storage and Distribution and Gansu Jiangmei Logistics to Malang Mining, a subsidiary of related party Guanghui Energy, for zero yuan. Malang Mining will take on a total of 342 million yuan in subscribed capital contribution obligations and will additionally inject 23.7931 million yuan into Gansu Jiangmei Logistics. After the transaction, Guanghui Logistics will still hold 54.02% of Ningxia Coal Storage and Distribution and 58% of Gansu Jiangmei Logistics.

Impact on assets 2

Others▲ · 2 stocks
Guanghui Logistics Co Ltd
600603
▲ PositiveCapitalrelevance

Guanghui Logistics offloads unpaid equity and 342 million yuan of capital contribution obligations to a related party for zero yuan while retaining majority stakes.

Guanghui Energy Co Ltd
600256
± MixedCapitalrelevance

Its subsidiary Malang Mining takes on 342 million yuan capital contribution obligations and injects funds into Gansu Jiangmei Logistics, a related-party transaction with unclear net benefit.

Off-coverage companies 3

马朗矿业Private± Mixed
Capitalrelevance

Malang Mining assumes 342 million yuan in subscribed capital obligations and injects 23.7931 million yuan into Gansu Jiangmei Logistics.

宁夏煤炭储配Private± Mixed
Capitalrelevance

54.02% of Ningxia Coal Storage and Distribution is retained by Guanghui Logistics after the zero-yuan equity transfer of unpaid portions.

甘肃疆煤物流Private± Mixed
Capitalrelevance

Gansu Jiangmei Logistics receives an additional 23.7931 million yuan injection from Malang Mining while Guanghui Logistics keeps 58%.