DWSD plans to list and transfer 51% equity of Dongwang Shuzhi
DWSD announced plans to publicly list and transfer 51% equity of its controlling subsidiary DWSD Smart. The transfer price will not be less than 25.551 million yuan. The company will focus on campus payment scenario business, as DWSD Smart has independently laid out other payment products, and the divestment of its business may affect the upstream and downstream cooperation ecosystem. The company has decided to transfer this equity through a public listing
According to the announcement from DWSD (600052.SH), the company plans to publicly transfer 51% of the equity of its holding subsidiary Zhejiang DWSD Smart Technology Co., Ltd. ("DWSD Smart") at a transfer price of no less than 25.551 million yuan.
The announcement states that the company intends to further focus on campus payment scenario business. Given that DWSD Smart has independently laid out other payment scenario products and formed a stable operating system, divesting its existing business would involve complex procedural adjustments and restructuring of supply chain relationships, which may adversely affect the upstream and downstream cooperative ecosystem. To efficiently achieve strategic focus, the company will subsequently rely on other subsidiaries to directly carry out campus payment scenario business. Based on the above considerations, the company has decided to transfer 51% of its equity in DWSD Smart through a public listing
