Shares of Nanjing Business and Tourism surged to the daily limit just 30 seconds after opening higher on the morning of August 21, securing a second consecutive limit-up session. Earlier, on the evening of August 19, Nanjing Business and Tourism, Nanjing Public Utilities, Nanjing Securities, and several other listed companies announced that the Nanjing State-owned Assets Supervision and Administration Commission had injected equity stakes in certain industrial groups, held by the commission, as capital into Nanjing State-owned Assets Investment Management Holdings Group. The assets injected are valued at nearly 500 billion yuan. Upon completion of the equity injection, Nanjing State-owned Assets Group will become a significant holder of the above listed companies on a look-through basis.
Nanjing Securities Co LtdNanjing SASAC injects equity into parent, making it a significant holder, likely boosting value.
Nanjing Zhongbei Group Co Ltd
Nanjing Textiles Import & Export Corp Ltd