Xinjiang Tianye Announces Proposed Restructuring and Formation of New Holding Company

Reuters

06-05

Xinjiang Tianye Announces Proposed Restructuring and Formation of New Holding Company

Xinjiang Tianye Water Saving Irrigation System Company Limited has announced a proposed restructuring involving its controlling shareholder, Xinjiang Tianye (Group) Limited, and the State-owned Assets Supervision and Administration Commission of Xinjiang Production and Construction Corps 8th Division. The restructuring includes the formation of a new holding company, Xinjiang Tianze Water Conservancy Investment and Development Co., Ltd. As part of the transaction, the 8th Division SASAC will transfer 37.5% of the new company's share capital to Tianye Group at no cost, with Tianye Group contributing its entire equity interest in Xinjiang Tianye Water Saving Irrigation System Co., Ltd. to fully pay up the share capital. The restructuring is in its preliminary stages, and further announcements will be made as appropriate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xinjiang Tianye Water Saving Irrigation System Co. Ltd. published the original content used to generate this news brief on June 05, 2025, and is solely responsible for the information contained therein.

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Xinjiang Tianye Water Saving Irrigation System Co. Ltd. published the original content used to generate this news brief on June 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDLb5X791:1","article_id":"2541909408","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541909408","pubTimestamp":1749075947,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Xinjiang Tianye Water Saving Irrigation System Company Limited has announced a proposed restructuring involving its controlling shareholder, Xinjiang Tianye  Limited, and the State-owned Assets Supervision and Administration Commission of Xinjiang Production and Construction Corps 8th Division. 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