NE ELECTRIC's subsidiary plans to sell a 10.5% equity stake in HNA Tianjin Center Development for 3.58 million yuan
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NE ELECTRIC announced that it plans to sell its 10.5% equity stake in HNA Tianjin Center Development Co., Ltd., held by its indirect subsidiary Hainan Yitang, through an equity transfer agreement on September 29, 2025, for a transaction amount of 3.58 million yuan. This sale will result in NE ELECTRIC no longer holding any equity in the company, which will help enhance liquidity and risk resilience, and increase cash flow
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