East China Engineering Science and Technology (002140.SZ) plans to publicly transfer its 0.2472% equity stake in Shuikuang.

East China Engineering Science and Technology (002140.SZ) announced that the board of directors has approved the proposal to publicly transfer 0.2472% equity of Guizhou Shuicheng Mining Corporation Limited held by the company. The company will transfer the equity of its affiliate Shuikuang Corporation through public listing on the property rights exchange. The company plans to transfer 594,902.9 shares, equivalent to 0.2472% of Shuikuang shares, through public listing on the Shanghai United Property Rights Exchange. The minimum transaction price for this equity transfer is 22.04 million yuan. The announcement stated that this equity transfer is beneficial for moderate investment risk prevention and optimizing resource allocation.