Gelonghui September 22?Siwei Technology (01202.HK) announcementThe content is about the potential sale of a 10% stake in Putian Farsen through public listing on the property exchange. No prospective bidders have been solicited and the potential sale has been extended on a cycle of five (5) working days until potential bidders are solicited. As of the date of this announcement, the bidder has not been determined.
As potential bidders for potential sales have not yet been solicited, on September 22, 2023, the board of directors decided to approve the reduction of the minimum bid price for potential sales from RMB 47.077 million to RMB 42.37 million in accordance with Chinese laws and regulations relating to the sale of state-owned assets, a decrease of about 10 per cent compared with the initial bid price.