Gelonghui, December 27 | Yunnan Water (06839.HK) announced that the company has made a decision on the sale and sale of interests.” “Sale of equity” refers to 75% of the shares held by the company in Wuxi Zhongfa, 100% of Wuxi Yunshui's shares, and 100% of Ehu Yunshui's shares; since the company is a state-owned holding enterprise, the sale of rights constitutes a state-owned asset, and in accordance with Chinese laws and regulations relating to the sale of state-controlled assets, the sale must be carried out through a public listing procedure through an approved property rights exchange. Potential sales will be carried out through the Yunnan Property Exchange, and the successful bidder will enter into a property rights transaction contract with the company in accordance with the relevant rules and regulations of the Yunnan Property Exchange.
On the date of this announcement, the sale of rights has completed the pre-listing process and officially listed on the Yunnan Property Exchange on December 26, 2023. The lowest price for the sale of equity (preliminary bid price) has been proposed as 75% of the equity in Wuxi China: RMB 95.9 million, 100% equity of Wuxi Yunshui: RMB 57.046 million, and 100% equity of Ehu Yunshui: RMB 18.44 million, according to the results of the accounting department's assessment of the value of the sale of equity as of December 31, 2022. The final price will depend on the final bid for public listing, but in any case it will not be less than the minimum price.