Kailong High Technology (300912.SZ) intends to re-list and transfer 100% equity of Jiangsu Xiling at a 20% lower base price.

Kailong High Technology (300912.SZ) announced that the company held the 15th (extraordinary) meeting of the fourth board of directors on November 15, 2024. The board approved the "Proposal on Adjusting the Listing Price of 100% Equity of Subsidiary and Re-listing." The company agreed to adjust the listing price of Jiangsu Xiling Precision Manufacturing Co., Ltd. ("Jiangsu Xiling") by reducing it by 20% from the initial listing price of 101 million yuan to 80.66 million yuan. Apart from this adjustment, the rest of the listing conditions remain the same as the initial listing. The listing period is expected to be from November 18, 2024, to November 29, 2024.