NANJING SHENGHANG SHIPPING plans to sell a 48.55% stake in its joint venture, Andefu Energy Technology
NANJING SHENGHANG SHIPPING plans to sell its 48.55% stake in the joint venture Andefu Energy Technology to optimize its asset structure and focus on its main business. The equity will be transferred to Jiangsu Tianyan Energy Technology Co., Ltd. (28.55%), Hangzhou Yuejia Technology Co., Ltd. (10%), and Yeyang Supply Chain Management (Nanjing) Co., Ltd. (10%)
According to the announcement from Shenghang Co., Ltd. (001205.SZ), in order to further optimize the company's asset structure and continue to focus on its main business, the company plans to transfer its 48.55% equity stake in the joint venture Jiangsu Andefu Energy Technology Co., Ltd. (hereinafter referred to as "Andefu Energy Technology") to Jiangsu Tianyan Energy Technology Co., Ltd. (hereinafter referred to as "Jiangsu Tianyan"), Hangzhou Yuejia Technology Co., Ltd. (hereinafter referred to as "Yuejia Technology"), and Yeyang Supply Chain Management (Nanjing) Co., Ltd. (hereinafter referred to as "Yeyang Supply Chain"). Among them, Jiangsu Tianyan will acquire a 28.55% equity stake, while Yuejia Technology and Yeyang Supply Chain will each acquire a 10% equity stake
