Dongbai Group (600693.SH) subsidiary intends to transfer 100% equity of Dongbai Red Star.

Wisdom Financial News APP News, Dongbai Group (600693.SH) announced that in order to continue promoting the company's light-asset transformation of its commercial retail business, further optimize the company's resource allocation and overall asset structure, reduce operational risks, the company's wholly-owned subsidiary Fujian Dongbai Department Store Management Co., Ltd. plans to transfer its 100% equity in Fujian Dongbai Red Star Commercial Plaza Co., Ltd. (referred to as "Dongbai Red Star") at a tentative equity transfer price of 1.8278 million RMB.