Shanghai Phoenix (600679.SH) plans to list and transfer 100% equity of its subsidiary Jinkai Investment and related creditor's rights.

Zhitong Finance APP News, Shanghai Phoenix (600679.SH) announced that the company plans to transfer, through a public listing on the Shanghai United Assets and Equity Exchange, 100% equity of its wholly-owned subsidiary Shanghai Jinshan Development Investment Management Co., Ltd. (referred to as "Jinkai Investment"), as well as the relevant creditor's rights the company holds against Jinkai Investment's controlled subsidiaries Shanghai Heye Industrial Co., Ltd. and Shanghai Heyu Industrial Co., Ltd. The reserve price for this public listing transfer shall not be lower than the appraised value of all shareholders' equity of Jinkai Investment, which is RMB 138 million as filed with the State-owned Assets Supervision and Administration Commission of Jinshan District, Shanghai. The final transaction price shall be subject to the delisting result of the United Assets and Equity Exchange, and the transferee has not yet been determined.