Zhongxi Yousse to Sell 37% Stake in Dongdianhua for at Least RMB 142 Million
Zhongxi Yousse announced that, in order to optimize its asset structure and resource allocation and focus on core businesses, it plans to transfer its 37% equity interest in Guangdong Dongdianhua Guangsheng Rare Earth High-tech Materials Co. , Ltd. (Dongdianhua) through a public listing on the Guangdong United Property Rights Exchange, with a listing price of no less than RMB 142 million. Upon completion of the equity transfer, the company will no longer hold any equity in Dongdianhua.
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