On July 11, Tsinghua Unigroup and its subordinate companies released an announcement, stating that Tsinghua Unigroup has completed the business change registration procedures concerning the equity structure and newly-elected directors, supervisors and general manager of the group. Tsinghua Holdings and Beijing Jiankun Investment Group, former shareholders of Tsinghua Unigroup, sold their shares, with 100% of the equities of Tsinghua Unigroup taken over by Beijing Zhiguangxin Holdings, a holding platform set up by strategic investor “Zhilu Jianguang Consortium”.
As the strategic investor pointed out, the completion of Tsinghua Unigroup’s equity transfer indicated that tasks required at the execution stage of judicial restructuring have reached the finish line, kicking off a brand new page for Tsinghua Unigroup’s development.