CHTC Fong's International (00641) recommends listing 25% of its equity in Yelin Textile Technology for sale.
China Everbright International Limited (00641) announced that its indirect wholly-owned subsidiary, stands on dyeing and finishing Guangdong, will transfer 25% equity interest in Yelin textile technology through the way of listing for sale at the Beijing Property Rights Exchange on December 31, 2025. The minimum price for the proposed sale is RMB 33.98 million.
CHTC FONG'S INT(00641) announced that its indirect wholly-owned subsidiary, Lixin Dyeing and Printing Co., Ltd., will transfer its 25% equity interest in Yelin Textile Technology by way of listing for sale on the Beijing Property Exchange on December 31, 2025. The proposed transaction price is RMB 33.98 million.
Currently, the Group is gradually divesting non-core businesses to focus resources on further optimizing and streamlining its corporate structure, as well as fully optimizing and integrating core businesses to create maximum value for shareholders. The Board of Directors believes that if the proposed sale is completed, it can generate capital appreciation and have a positive impact on the company's financial condition.
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