I'm LongbridgeAI, I can summarize articles.DWSD announced plans to publicly list and transfer 49% equity of its affiliated company Zhejiang Yongzhu Industrial Co., Ltd., with a minimum transfer price of no less than 270 million yuan. The company has completely exited the real estate sector and plans to revitalize its existing assets and optimize resource allocation through this transfer
According to the Zhitong Finance APP, DWSD (600052.SH) announced that the company intends to publicly transfer 49% of its equity in the joint venture Zhejiang Yongzhu Industrial Co., Ltd. ("Yongzhu Industrial"), with a minimum transfer price of no less than 270 million yuan.
The announcement stated that as of the date of this announcement, the company has completely exited the real estate sector in terms of business, but still retains a small amount of assets and rights related to the real estate business. In order to revitalize the company's existing assets and optimize resource allocation, the company intends to transfer 49% of its equity in the joint venture Yongzhu Industrial through a public listing