JSTI: Announcement on Partial Equity Transfer and Capital Increase of Holding Subsidiary “Jiangsu Transportation Science Engineering Detection Technology Co,. Ltd.”
Update：2018-04-28 13:23:01 Click：0
The company and all members of the board of directors guaranteed the authenticity, accuracy and completeness of the information disclosure, without false records, misleading statements or major omissions.
First, the overview of foreign investment
1、The basic situation of foreign investment
(1) Jisngsu Yearning Construction Co., Ltd. (hereinafter referred to as "Yearning Construction"), one of the wholly owned subsidiary of Jiangsu Transportation Institute Co., Ltd. (hereinafter referred to as "the company" or "JSTI"), will transfer all its 10% shares of Jiangsu Transportation Science Engineering Detection Technology Co,. Ltd. (hereinafter referred to as "TS Detection") to Yearning International Engineering Consulting Co., Ltd. (hereinafter referred to as "Yearning International").
(2)JSTI and Yearning International intends to increase capital according to the equity ratio to TS Detection, after the increase the registered capital of TS Detection is changed to 5 million Yuan。
2、On July 28 2013, company held the twenty-fourth session of the second board of directors to consider and adopt the foreign investment related motion.
3、According to the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules” and the “Articles of Incorporation”, this foreign investment is without the need to submit to the general meeting of shareholders.
4、This foreign investment does not constitute a related transaction.
Second, the basic information of parties related to the transaction
1、 Equity transfer party
Name: Jiangsu Yearning Construction Co., Ltd.
Address: Room 1501, Building B, No. 88 Yunlongshan Road, Nanjing
Legal Representative: Zhang Haijun
Registered Capital: RMB 62 million Yuan
Equity Structure: 100% of the shares held by JSTI
Company type: Limited
Business Scope: supervision, design, construction, inspection, testing & technical advisory services of highway engineering, bridge engineering, environmental engineering, traffic engineering, landscape engineering, computer network systems engineering; development of traffic control systems engineering; research, development & sales of testing equipment, road construction machinery, roadbed materials. Design and construction of housing construction projects.
Date of Establishment: March 31 1994
2、Equity transferee
Name: Yearning International Engineering Consulting Co., Ltd.
Address: No. 2200 Chengxin Road, Jiangning District, Nanjing
Legal Representative: Wang Junhua
Registered Capital: RMB 50 million Yuan
Equity Structure: 80% of the share held by JSTI, 20% of the share held by Yearning Construction
Company Type: Limited
Business Scope: domestic and foreign engineering survey and design, project management and planning services; professional technical testing, environmental monitoring; computer application; highway management and maintenance; civil engineering construction surveying, design, test, inspection and related technical services, energy-saving products development and sales.
First, the overview of foreign investment
1、The basic situation of foreign investment
(1) Jisngsu Yearning Construction Co., Ltd. (hereinafter referred to as "Yearning Construction"), one of the wholly owned subsidiary of Jiangsu Transportation Institute Co., Ltd. (hereinafter referred to as "the company" or "JSTI"), will transfer all its 10% shares of Jiangsu Transportation Science Engineering Detection Technology Co,. Ltd. (hereinafter referred to as "TS Detection") to Yearning International Engineering Consulting Co., Ltd. (hereinafter referred to as "Yearning International").
(2)JSTI and Yearning International intends to increase capital according to the equity ratio to TS Detection, after the increase the registered capital of TS Detection is changed to 5 million Yuan。
2、On July 28 2013, company held the twenty-fourth session of the second board of directors to consider and adopt the foreign investment related motion.
3、According to the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules” and the “Articles of Incorporation”, this foreign investment is without the need to submit to the general meeting of shareholders.
4、This foreign investment does not constitute a related transaction.
Second, the basic information of parties related to the transaction
1、 Equity transfer party
Name: Jiangsu Yearning Construction Co., Ltd.
Address: Room 1501, Building B, No. 88 Yunlongshan Road, Nanjing
Legal Representative: Zhang Haijun
Registered Capital: RMB 62 million Yuan
Equity Structure: 100% of the shares held by JSTI
Company type: Limited
Business Scope: supervision, design, construction, inspection, testing & technical advisory services of highway engineering, bridge engineering, environmental engineering, traffic engineering, landscape engineering, computer network systems engineering; development of traffic control systems engineering; research, development & sales of testing equipment, road construction machinery, roadbed materials. Design and construction of housing construction projects.
Date of Establishment: March 31 1994
2、Equity transferee
Name: Yearning International Engineering Consulting Co., Ltd.
Address: No. 2200 Chengxin Road, Jiangning District, Nanjing
Legal Representative: Wang Junhua
Registered Capital: RMB 50 million Yuan
Equity Structure: 80% of the share held by JSTI, 20% of the share held by Yearning Construction
Company Type: Limited
Business Scope: domestic and foreign engineering survey and design, project management and planning services; professional technical testing, environmental monitoring; computer application; highway management and maintenance; civil engineering construction surveying, design, test, inspection and related technical services, energy-saving products development and sales.
