Core Points - Xiangtan Electric Chemical announced the completion of a transfer of 100% equity of Xiangtan Zhenxiang State-owned Asset Management Investment Co., Ltd. from its indirect controlling shareholder, Xiangtan Industrial Investment Development Group Co., Ltd. to Xiangtan Electric Chemical Investment Holding Group Co., Ltd. [1] - Following the transfer, Xiangtan Industrial Investment no longer holds shares in Zhenxiang State-owned Investment and thus does not indirectly hold shares in Xiangtan Electric Chemical [1] - The new indirect controlling shareholder, Xiangtan Electric Chemical Investment, now holds 265,813,397 shares of Xiangtan Electric Chemical, representing 42.23% of the total share capital [1] - The transfer has been officially registered with the local market supervision authority, and Zhenxiang State-owned Investment has received a new business license [1] - The controlling shareholder of Xiangtan Electric Chemical remains Xiangtan Electric Group Co., Ltd., with the actual controller still being the Xiangtan State-owned Assets Supervision and Administration Commission [1]
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