Jiangxi Firstar Panel Technology (300256.SZ) plans to sell 100% equity of Jiangxi Yihong to optimize its industrial structure.
Star Technology (300256.SZ) announced that the company plans to transfer its wholly-owned subsidiary Jiangxi Yihong Electronic Technology Co., Ltd. (...)
Jiangxi Firstar Panel Technology (300256.SZ) announced that it plans to transfer all the equity of its wholly-owned subsidiary Jiangxi Yihong Electronic Technology Co., Ltd. (referred to as "Jiangxi Yihong"). After the transaction is completed, the company will no longer hold equity in Jiangxi Yihong, and Jiangxi Yihong will no longer be included in the company's consolidated financial statements. The transfer price for the equity is determined to be 1 yuan.
The announcement stated that the purpose of this sale of 100% equity of the wholly-owned subsidiary and related party transaction is to optimize the company's industrial structure and promote the healthy development of the company.
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