Shanghai Sanmao (600689.SH) intends to list and transfer its 6% equity stake in Shuanglong Company.

Zhixin Financial News App News, Shanghai Sanmao (600689.SH) announced that, in order to further invigorate existing assets and improve the efficiency of asset operation, the company transferred its 6% stake in Shanghai Long Dragon High-Tech Development Co., Ltd. (referred to as "Double Dragon Company") through public listing on the Shanghai United Property Exchange. The transaction price was 1.54 million yuan, and the counterparty was Shanghai Longtou (Group) Co., Ltd. (referred to as "Longtou Co., Ltd."). After this transaction is completed, the company will no longer hold any equity in Double Dragon Company.