GRG Tech Plans to Sell Stakes in Data Exchange and Yulin Shenying
GRG Banking Equipment plans to publicly list for sale its 30% stake in Guangzhou Data Exchange for a minimum price of RMB 3.045 million, and its wholly owned subsidiary GRG Security intends to sell its 55% stake in Yulin Shenying Guard for at least RMB 34.155 million. Upon completion, GRG will exit both investments.
GRG Banking Equipment announced that it plans to transfer its 30% equity interest in Guangzhou Data Exchange Co. , Ltd. through a public listing, with a proposed minimum listing price of RMB 3.045 million. Separately, its wholly owned subsidiary GRG Security intends to publicly list for transfer its 55% stake in Yulin Shenying Guard Co. , with a floor price of no less than RMB 34.155 million. After the completion of these equity transfers, GRG Banking Equipment will no longer hold any shares in the data exchange company, and GRG Security will no longer hold any stake in Yulin Shenying.