Summary by Moomoo AI
SHENZHEN INTERNATIONAL AND ITS SUBSIDIARIES DEEP HIGH SPEED ANNOUNCED THAT DEEP SPEED AND SPECIAL PURPOSE CARRIERS (SPV) AND PROJECT COMPANIES SIGNED EQUITY TRANSFER AGREEMENTS AND DEBT TRANSFER AGREEMENTS ON MARCH 13, 2024. Under the agreement, SPV will acquire 100% of the shares and related debt of the Deep High Speed Project Company at a cost of approximately RMB20.46 million. UPON COMPLETION OF THE TRANSACTION, SHENZHEN INTERNATIONAL AND DEEP HIGH SPEED WILL INDIRECTLY HOLD 40% INTEREST IN THE PROJECT COMPANY THROUGH HOLDING 40% OF THE FUND SHARE OF EASY TO REACH DEEP HIGH SPEED REIT, AND THE PROJECT COMPANY WILL NO LONGER BE A SUBSIDIARY OF SHENZHEN INTERNATIONAL AND DEEP HIGH SPEED. This equity transfer is an important part of the Deep High Speed REIT Issuance Program...Show More