SHENGLI PIPE has decided to conduct a public tender through the Southern United Property Exchange Center
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SHENGLI PIPE has decided to publicly bid through the Southern United Property Rights Exchange Center to sell its 98% equity stake in the target company. The bidding announcement has been released, with a minimum bid price of 29.5 million yuan. The potential final proceeds from the sale will depend on the bid price of the winning bidder, and it is expected that the group will recognize approximately 14 million yuan in earnings and a fair value reduction of 14.272 million yuan within six months ending June 30, 2025. After a successful bid, it is expected that a final equity sale agreement will be signed with the winning bidder
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