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FINWIRES

Shanghai Lujiazui Finance & Trade Zone Development

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Shanghai Lujiazui Finance & Trade Zone Development (SHA:600663) controlling shareholder Shanghai Lujiazui Group transferred 251.3 million unrestricted A-shares to the State-Owned Assets Supervision and Administration Commission of Shanghai Pudong New Area at no cost.

The transferred shares are equivalent to a 4.99% stake, according to a Friday filing with the Shanghai bourse.

Following the transfer, Lujiazui will hold 2.88 billion A-shares, equivalent to 57.21% of the listed real estate company.

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