*St Yuncheng: it is proposed to publicly transfer 65% equity of Banna Yunyu
Financial Associated Press, September 24, * ST Yuncheng announced that the company plans to publicly list and transfer 65% of the equity of its subsidiary Xishuangbanna Yunyu Real Estate Co., Ltd. (hereinafter referred to as "Banna Yunyu"). As of June 30, 2021, the company has a debt principal and interest of RMB 1.017 billion to Banna Yunyu. According to the arrangement, the delisting party needs to provide loans to Banna Yunyu to pay off the principal and interest of Banna Yunyu's debt to the company. The specific amount shall be subject to the amount calculated when Banna Yunyu actually pays off.
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