---
title: "BLEST: Announcement on the transfer of equity in a subsidiary holding company by its wholly-owned subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257061319.md"
description: "BLEST announced that its wholly-owned subsidiary, BLEST Lithium, will transfer its 40.1% equity stake in Wuxi Baiqing to Zhu Yueyuan and Jia Shaohua for a cash consideration of 1 yuan. After the transaction is completed, BLEST Lithium's shareholding in Wuxi Baiqing will decrease from 60% to 19.9%. This transaction aims to optimize resource allocation, focus on core business, and enhance the company's sustainable operational capability and profitability. The transaction will not have a significant impact on the company's existing business and operational development, nor will it adversely affect the company's financial condition and operating results"
datetime: "2025-09-12T08:56:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257061319.md)
  - [en](https://longbridge.com/en/news/257061319.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257061319.md)
---

# BLEST: Announcement on the transfer of equity in a subsidiary holding company by its wholly-owned subsidiary

BLEST announced that its wholly-owned subsidiary, BLEST Lithium, will transfer its 40.1% equity stake in Wuxi Baiqing to Zhu Yueyuan and Jia Shaohua for a cash consideration of 1 yuan. After the transaction is completed, BLEST Lithium's shareholding in Wuxi Baiqing will decrease from 60% to 19.9%. This transaction aims to optimize resource allocation, focus on core business, and enhance the company's sustainable operation capability and profitability. The transaction will not have a significant impact on the company's existing business and operational development, nor will it adversely affect the company's financial condition and operating results

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