Dianchi Water (03768) announced that the company plans to sell Hongyu Thermal Power 10 through a public listing on the Kunming Joint Property Exchange...
According to the Zhitong Finance App, Dianchi Water (03768) announced that the company plans to sell 100% of Hongyu Thermal Power's shares through a public listing on the Kunming Joint Property Exchange. The minimum cost will not be less than 43.587 million yuan.
The announcement said that carrying out potential sales matters will help the company focus more on its main business, and at the same time enable the company to recover investment funds in advance and achieve investment returns, so that the company has greater flexibility when searching for and participating in other suitable investment opportunities.
According to reports, Hongyu Thermal Power is mainly engaged in electricity supply, heat production and sales.