ST Bauing Decoration plans to list and transfer 50.1% equity of Danhua Renewable Energy, focusing on core business development
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ST Bauing Decoration plans to publicly list and transfer its 50.1% equity in Danhua Renewable Energy through the Guangdong United Property Exchange Center, with a listing price of 30 million yuan. Danhua Renewable Energy is still in its startup phase and has not generated operating income. This transfer will help the company focus on its core business and is expected to have a positive impact on the financial situation for the year 2025, with a profit and loss of approximately 29.4 million yuan
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