Lingsnan Holdings discloses its restructuring plan and will resume trading on July 8

Beijing Business Daily News (Reporter Wang Manlei) On the evening of July 7, Lingnan Holdings (000524) disclosed its restructuring proposal. The company’s securities will resume trading starting July 8.

The proposal shows that Lingnan Holdings plans to issue shares and pay cash to purchase 85% of the shares of Guangdian City Services held by Numke Group, and to raise supporting funds by issuing shares to Lingnan Capital, a wholly owned subsidiary of Lingnan Group, the controlling shareholder. This transaction is expected to constitute a major asset restructuring, constitute a related-party transaction, and not constitute a restructuring listing.

Lingnan Holdings stated that the target company mainly engages in urban space operations and property management services, making it a typical services-industry enterprise. At the same time, it also develops various business formats, including logistics services, property operations, cultural exhibitions and events, hotel and cultural tourism, intelligent maintenance and upkeep, professional security, supply chain management, a talent ecosystem, and emergency support. After this transaction is completed, the company can integrate the target company’s professional capabilities in smart city services, enabling its role to expand from a “comprehensive culture and tourism industry operator” to an “all-area, all-scene culture and tourism industry ecosystem operator,” and to connect the scene boundaries between culture-and-tourism consumption and city services.