---
title: "TAGEN GROUP plans to sell TAGEN Technology and Tongcheng Company to optimize its business layout"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/244466781.md"
description: "TAGEN GROUP announced plans to sell 100% equity of its wholly-owned subsidiary Shenzhen Tianjian Engineering Technology Co., Ltd. for RMB 39.3431 million and to sell 100% equity of its subsidiary Guangdong Tong Company’s holding in Shenzhen Tongcheng Transportation Construction Engineering Inspection Co., Ltd. for RMB 30,600. This move aims to optimize the company's business layout and concentrate resources on its core business, and after the completion, it will no longer hold equity in these two companies"
datetime: "2025-06-13T13:38:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/244466781.md)
  - [en](https://longbridge.com/en/news/244466781.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/244466781.md)
---

# TAGEN GROUP plans to sell TAGEN Technology and Tongcheng Company to optimize its business layout

According to the Zhitong Finance APP, TAGEN GROUP (000090.SZ) announced that the company intends to transfer 100% equity of Shenzhen Tianjian Engineering Technology Co., Ltd. (hereinafter referred to as "Tianjian Technology") to Shenzhen Special Economic Zone Construction Inspection Center Co., Ltd. (hereinafter referred to as "Inspection Center") at a price of RMB 39.3431 million through a private agreement; the company's subsidiary, Shenzhen Yuetong Construction Engineering Co., Ltd. (hereinafter referred to as "Yuetong Company"), intends to transfer 100% equity of Shenzhen Tongcheng Traffic Construction Inspection Co., Ltd. (hereinafter referred to as "Tongcheng Company") to the Inspection Center at a price of RMB 30,600 through a private agreement.

The announcement stated that the sale of Tianjian Technology and Tongcheng Company is beneficial for optimizing the company's business layout and concentrating resources on core businesses. If this transfer is completed, the company will no longer hold equity in Tianjian Technology and Tongcheng Company, and Tianjian Technology and Tongcheng Company will no longer be included in the company's consolidated financial statements

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