ST Too Heavy (600169.SH) plans to transfer 100% equity of Too Heavy Coking Company to its controlling shareholder.

According to the Zhitong Finance and Economics APP, ST Tai Zhong (600169.SH) announced that, in order to further optimize asset structure, enhance asset liquidity and debt repayment ability, and more effectively activate existing assets, the company plans to sell 100% equity of its wholly-owned subsidiary Shanxi Tai Zhong Coking Equipment Co., Ltd. ("Tai Zhong Coking Company") to its controlling shareholder, Taiyuan Heavy Machinery Group Co., Ltd. ("Tai Zhong Group"), through a non-public agreement at a transfer price of 618 million yuan.