SOYEA plans to publicly list and transfer a 27.5% stake in Wenling Xiangtai, with a transfer price of no less than 184 million yuan
ST SOYEA announced that its wholly-owned subsidiary, Zhongxing Real Estate, intends to publicly list and transfer 27.5% equity of Wenling Xiangtai at the Hangzhou Property Exchange, with a transfer price not lower than 184 million yuan. This transaction aims to revitalize assets, optimize the operational structure, enhance the company's profitability and core competitiveness, and aligns with the overall strategic development direction of the company and the interests of all shareholders
According to the Zhitong Finance APP, ST SOYEA (000909.SZ) announced that its wholly-owned subsidiary, Zhongxing Real Estate, intends to publicly list for sale at the Hangzhou Property Exchange a 27.5% equity stake in Wenling Xiangtai Real Estate Co., Ltd. (hereinafter referred to as "Wenling Xiangtai" or "the target company"). The transfer price will not be less than 184 million yuan, with the final price based on the listing price at the Hangzhou Property Exchange.
This transaction is beneficial for the company to revitalize its assets, optimize its operational structure, focus on its main business, enhance its profitability and core competitiveness, and aligns with the overall strategic development direction of the company and the interests of all shareholders
