FACS's subsidiary plans to transfer 20% equity of Shanghai Rijing for 104 million yuan

Zhitong
2025.10.10 13:07
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According to the Zhitong Finance APP, FACS announced that in order to focus on its main business resources, activate assets, and improve profitability, its wholly-owned subsidiary Shanghai Yidian Automotive Electronics System Co., Ltd. (referred to as "Automotive Electronics") plans to transfer its 20% equity in the joint venture Shanghai Rijing Instrument Co., Ltd. (referred to as "Shanghai Rijing") through a public listing on the Shanghai United Assets and Equity Exchange, with an initial listing transfer price of 104 million yuan

According to the announcement from Zhitong Finance APP, FACS (600651.SH) has announced that in order to focus on its main business resources, activate assets, and improve profitability, its wholly-owned subsidiary Shanghai Yidian Automotive Electronics System Co., Ltd. (referred to as "Automotive Electronics") plans to transfer its 20% equity stake in the joint venture Shanghai Rijing Instrument Co., Ltd. (referred to as "Shanghai Rijing") through a public listing on the Shanghai United Assets and Equity Exchange, with an initial listing transfer price of 104 million yuan

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