ST TaiZhong (600169.SH) plans to transfer 100% equity of TaiZhong Coking Company to its controlling shareholder.
ST TaiZhong (600169.SH) announced that in order to further optimize its asset structure, improve asset liquidity and debt repayment capabilities, and more efficiently activate existing assets, the company plans to sell 100% equity of its wholly-owned subsidiary Shanxi TaiZhong Coking Equipment Co., Ltd. (referred to as "TaiZhong Coking Company") to its controlling shareholder Taiyuan Heavy Machinery Group Co., Ltd. (referred to as "TaiZhong Group") through a non-public agreement, at a transfer price of 618 million RMB.
ST TaiZhong (600169.SH) announced that in order to further optimize the asset structure, improve asset liquidity and debt repayment ability, and more efficiently activate existing assets, the company plans to sell 100% equity of its wholly-owned subsidiary Shanxi TaiZhong Coking Equipment Co., Ltd. (referred to as "TaiZhong Coking Company") to its controlling shareholder Taiyuan Heavy Machinery Group Co., Ltd. (referred to as "TaiZhong Group") through a non-public agreement method. The transfer price is 618 million yuan.
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