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Shanghai Xinyang: Intends to transfer all equity of the holding subsidiary for 1 USD
Jinshi data news on September 30th, Shanghai Xinyang announced in the evening that the company plans to transfer all 51% equity of its holding subsidiary Shanghai Xinyang Haisi High-Tech Materials Co., Ltd. to Lu Ye Industrial Co., Ltd. The agreed transfer price of equity is 1 US dollar. After the transfer is completed, the company will no longer hold the equity of Haisi High-Tech, and Haisi High-Tech will no longer be included in the company’s consolidated financial statements.