Mondy Resources (603863.SH) plans to list the transfer of 100% equity of its subsidiary Mondy New Materials.

Financial channel APP news, Songyang Resources (603863.SH) issued an announcement, the company plans to publicly list and transfer 100% equity of its wholly-owned subsidiary, Shantou Songyang New Materials Special Paper Co., Ltd. (referred to as "Songyang New Material"), through the Guangdong Equity Exchange Center. The initial listing price for this public listing and transfer is set at 100 million RMB, based on the equity valuation value provided by Zhonglian International Real Estate Land Asset Appraisal Consulting (Guangdong) Co., Ltd., considering the market value of assets and other factors. At the same time, in order to reduce operating costs, minimize losses, and protect the interests of the company and all shareholders, after careful consideration by the company's management, it has been decided to stop production at Songyang New Material Company.