Laobaigan Wine: The company plans to absorb and merge its wholly-owned subsidiary Fenglian Wine Industry

Jinshi data, October 10 news, Laobaigan wine announced that the company plans to absorb and merge its wholly-owned subsidiary Fenglian Wine Industry. After the completion of the merger, the independent legal person qualification of Fenglian Wine Industry will be cancelled, and the company will inherit and take over all the assets, creditor's rights and debts, equity, business and all other rights and obligations of Fenglian Wine Industry. The merger will not have a substantial impact on the company's normal operation, future financial condition and operating results, and will not involve changes in the company's share capital and shareholders. This matter still needs to be submitted to the company's shareholders' meeting for deliberation.