Taiyuan Heavy Industry: plans to sell assets to the controlling shareholder at a price of 4.67 billion yuan

Gate.io, 2 December data, Taiyuan Heavy Industry announced that the company plans to sell the controlling shares of its wind power company to its controlling shareholder, Taiyuan Heavy Group, for a price of 467 million yuan. After the transaction is completed, the new energy company will not compete with the company. This transaction is beneficial for resolving competition among peers, further optimizing the company’s asset structure, reducing the debt-to-asset ratio, improving the company’s financial structure and risk resistance. The transaction still needs to be submitted to the shareholders’ general meeting for approval.