Wolong Real Estate: Plans to sell 90% equity in Shanghai Mining, expected to constitute a major asset restructuring
36Kr learned that Wolong Real Estate announced that the company plans to sell its 90% equity stake in Shanghai Mining to its indirect controlling shareholder, Wolong Holdings, or its subsidiaries. This transaction is expected to constitute a significant asset restructuring, using cash payment, and will not affect the company's equity structure or the change of controlling shareholder and actual controller