Eternal Asia announced that the company plans to publicly list and transfer its 36% equity stake in its associate company, Xinjingshuo (Shanghai) Technology Co., Ltd. The total appraised value of Xinjingshuo's equity is 563 million yuan, and the initial listing price for the 36% stake is set at no less than 205 million yuan based on the appraisal. Xinjingshuo's business scope includes integrated circuit chip design and services, as well as integrated circuit chip and product sales. If this transaction is completed, the company will no longer hold any equity in Xinjingshuo.
Eternal Asia Supply Chain Management LtdPlans to sell its 36% stake in Xinjingshuo, potentially realizing gains but exiting an associate.