Citychamp Dartong to Discuss Proposal of Scheme of Spinning Off Affiliated Subsidiary Dartong New Material for Initial Public Offering
May 13, 2020 at 07:38 am
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Citychamp Dartong Co., Ltd. directorate decided to hold the 2nd special Shareholders' Meeting of 2020 at 14:30 on May 28, 2020 to discuss issues including the "Proposal of Scheme of Spinning Off Affiliated Subsidiary Dartong (Fujian) New Material Co., Ltd. (Dartong [Fujian]) for Initial Public Offering and Listing on Main Board of Shanghai Stock Exchange.
CITYCHAMP DARTONG CO., LTD. is a China-based company principally engaged in the development and sales of properties. The Company is also engaged in the manufacturing and sales of enameled wires. The Companyâs real estate products include general residential buildings, office buildings, high-rise apartments, garden houses, villas, comprehensive commercial buildings and others. The Company's enameled wires are mainly used in home appliances, automobiles, power tools, generators, special motors, electronics and other industries. The Company is also involved in the manufacturing and sales of power batteries through its subsidiaries.