On the evening of September 7, Kaikai Industrial (600272) disclosed that the company intends to sell the circulating shares of domestic A-share listed companies held by the company and its subsidiaries through secondary market transactions at an appropriate time and at a price not less than the initial investment cost.
It is understood that the circulating shares of domestic A-share listed companies currently held by Kaikai Industry and its subsidiaries include Gan Consulting, Bank of Shanghai, Aijian Group and Xinhua Media. Among them, the shares of Bank of Shanghai are held by Shanghai Kaikai Department Store Co., Ltd., whose shareholders are Shanghai Kaikai Garment Company (hereinafter referred to as "Kaikai Garment"),60% and listed companies account for 40%. The listed company is the sole shareholder of Kaikai Garment, so Kaikai Garment is also a wholly-owned subsidiary of the listed company.
Kaikai Industry said that this transaction is conducive to improving the liquidity and use efficiency of the company's assets, optimizing the company's asset structure, and meeting the company's future development capital needs.