Jiangshan Holdings (00295) announced that on January 29, 2024, the company was an indirect wholly-owned subsidiary of Yangzhou Qixing New Energy...
According to Zhitong Finance App, Jiangshan Holdings (00295) announced that on January 29, 2024, the company's indirect wholly-owned subsidiary Yangzhou Qixing New Energy Development Co., Ltd. plans to sell 60% of the shares of Shaanxi Yirun New Energy Technology Co., Ltd. to Beijing Yixin Fengtai Technology Co., Ltd. (limited partnership) at a total cost of RMB 4.2 million. The Group is expected to achieve a loss of approximately RMB 5.5 million on the proposed sale.
According to reports, the target company is mainly engaged in providing operation and maintenance services for solar power plants.
The directors believe that this is a good opportunity for the Group to sell the target company in order to better allocate the Group's resources to other business divisions of the Group and improve the Group's financial position by reducing the Group's losses.