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海螺创业(00586)拟将海创绿能分拆并于上交所主板独立上市

China Conch Venture (00586) intends to spin off Haichuang Green Energy and list it independently on the main board of the Shanghai Stock Exchange.

Zhitong Finance ·  May 6, 2022 10:49

Source: Zhitong Finance and Economics

$China Conch Venture (00586.HK) $It was announced that the company is considering the possible spin-off of its subsidiary Anhui Haichuang Green Energy Environmental Protection Group Co., Ltd. (Haichuang Green Energy) and listed independently on the main board of China's Shanghai Stock Exchange.

As of the date of this announcement, Haichuang Green Energy indirectly holds 89.63% interest by the company and is mainly engaged in operating waste power generation projects (including investment, design, development, production, installation and operation of municipal solid waste treatment projects, and provide services such as incineration of municipal solid waste and generation of surplus electricity during incineration). It is expected that after the proposed spin-off and listing, the company will remain the controlling shareholder of Haichuang Green Energy.

On May 6, 2022, the sponsor in the proposed spin-off and listing submitted an application to the Anhui Regulatory Administration of the China Securities Regulatory Commission for the commencement of the pre-listing mentoring process.

In respect of the proposed spin-off, the company has submitted an application for the proposed spin-off and listing to the Stock Exchange of Hong Kong Limited for examination and approval in accordance with Application guidelines 15 of the rules governing the listing of Securities on the Stock Exchange of Hong Kong Limited.

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