China Complete Plant to Publicly Transfer 100% Stake in Malaysia Subsidiary

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Summary · why it matters

China Complete Plant announced that its subsidiary Singapore Yade plans to publicly solicit prospective buyers through Malaysian local newspapers to sell its wholly-owned subsidiary Malaysia Yade's 100% equity stake, with a transfer price of no less than 1 yuan. The target company's net asset appraisal value is negative 25.697 million yuan, with an appraisal gain of 76.9133 million yuan, an appreciation rate of 74.96%. This transaction does not constitute a major asset restructuring and does not require submission to the shareholders' meeting for approval.

Impact on stocks 1

Others▲ · 1 stocks

Off-coverage companies 1

新加坡亚德 (Singapore Yade Pte. Ltd.)Private± Mixed
Capitalrelevance

Subsidiary Singapore Yade is the seller, but impact depends on the outcome of the sale.

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