China Agricultural Becomes Largest Shareholder of New Silkroad Culturaltainment
Reuters
Nov 04
China Agricultural Becomes Largest Shareholder of <a href="https://laohu8.com/S/00472">New Silkroad</a> Culturaltainment
Macro-Link International Land Limited, a controlling shareholder of New Silkroad Culturaltainment Limited and a subsidiary of Winnovation Culturaltainment Development Limited, has agreed to sell 914,163,620 shares of New Silkroad Culturaltainment Limited-approximately 28.50% of the company's issued share capital-to China Agricultural Produce Company Limited. Following the completion of this transaction, China Agricultural will become the single largest shareholder of New Silkroad Culturaltainment Limited, holding about 28.50% of its shares. Macro-Link International's holding in the company will decrease from 54.79% to approximately 26.29%. The board does not expect the sale to have any material adverse impact on the daily operations of the group.
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