Jan 11, 2022 04:48 PM (GMT+8) · EqualOcean
Financial Associated Press, January 11 - Wolong Electric Drive announced that the company plans to transfer 100% equity of its wholly-owned subsidiary Shanghai Wolong Mining Co., Ltd. (hereinafter referred to as "Shanghai Wolong") to Wolong Real Estate Group Co., Ltd. (hereinafter referred to as "Wolong real estate"), and the total equity price of this transaction is 68 million yuan. After the completion of this transaction, Wolong Electric Drive will no longer hold any equity of Shanghai Wolong, and Shanghai Wolong will no longer be included in the consolidated statements of Wolong Electric drive.