Wangfujing Group: Terminated the transfer of its subsidiary Beijing Wangfujing Department Store Commercial Property Management Company, as no interested buyers were solicited in both listings

On April 3rd, Wangfujing Group (600859.SH) announced the termination of the transfer of subsidiary equity. The announcement stated that on October 29, 2024, the 14th meeting of the 11th Board of Directors of Wangfujing reviewed and approved the proposal for the public listing of the transfer of subsidiary equity, agreeing that the company would publicly list the 100% equity of its wholly-owned subsidiary Beijing Wangfujing Department Store Commercial Property Management Co., Ltd. for transfer through the Beijing Property Exchange, with the initial listing price not lower than the assessed value after the state-owned asset evaluation filing. (The Paper)