Siwei Technology (01202) issued an announcement about the potential sale of a 10 per cent stake in Putian Farsheng through public listing on the property exchange. 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 bidding price for potential sales from 47.0774 million yuan to 42.37 million yuan in accordance with the relevant Chinese laws and regulations on the sale of state-owned assets, a decrease of about 10 per cent from the initial bid price.