State Grid Yingda (600517.SH) subsidiary plans to sell 100% equity of Yingda Futures for 1.129 billion yuan.

Wisdom Financial News APP News, State Grid Yingda (600517.SH) announced that, in order to further optimize the financial business layout, the company's wholly-owned subsidiary Yingda Securities intends to sell 100% equity of Yingda Futures held by it to China National Petroleum Group Capital Ltd. for a price of 1.129 billion yuan. The transaction is planned to be conducted in cash, without involving the issuance of shares by the company, and will not result in a change in the company's control. If the transaction is successfully completed, Yingda Futures will no longer be included in the company's consolidated financial statements.