SYNGEN: Selling 100% equity of its wholly-owned subsidiary Zhongwei International
*SYNGEN announced that the company will transfer 100% equity of its wholly-owned subsidiary Zhongwei International Engineering Design Co., Ltd. to Hainan Ronghui Wanbang Enterprise Management Partnership, with a transaction price of RMB 360,000. After the completion of this transaction, Zhongwei International will no longer be included in the company's consolidated financial statements. As of August 31, 2025, the company's receivable amount from Zhongwei International is RMB 3.678 million. This transaction still requires the transfer procedures for Zhongwei International's shares, and there is uncertainty regarding the final successful implementation
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