SED plans to pre-list the sale of part of its subsidiary equity to further focus on its main responsibilities and core business
ShenSangDa A announced that it will sell part of its subsidiary equity to focus on its main responsibilities and enhance its core competitiveness. The planned equity sales include 80% of China Electric Intercontinental Environmental Technology Development Co., Ltd., 70% of Shandong China Electric Fulun New Energy Investment Co., Ltd., 100% of China Electric Xingtang Biomass Energy Co., Ltd., 42.5% of Hebei China Electric Jing'an Energy Conservation and Environmental Technology Co., Ltd., 70% of Hebei Yutai Thermal Energy Technology Co., Ltd., and 100% of China Electric Wuqing Thermal Power Co., Ltd. This equity sale will be pre-listed on the Beijing Property Exchange
According to the announcement from ShenSanda A (000032.SZ), in order to further focus on its main responsibilities and businesses, ensure the preservation and appreciation of state-owned assets, and enhance the core competitiveness of the listed company, its wholly-owned subsidiary China Electronics System Technology Co., Ltd. is currently planning to sell its holdings of 80% equity in China Electronics Intercontinental Environmental Technology Development Co., Ltd., 70% equity in Shandong China Electronics Fulun New Energy Investment Co., Ltd., 100% equity in China Electronics Xingtang Biomass Energy Thermal Power Co., Ltd., 42.5% equity in Hebei China Electronics Jing'an Energy Conservation and Environmental Protection Technology Co., Ltd., 70% equity in Hebei Yutai Thermal Energy Technology Co., Ltd., and 100% equity in China Electronics Wuqiang Heating Co., Ltd. According to the relevant regulations on state-owned asset management, this equity sale will be pre-listed at the Beijing Property Exchange
