ST Changyuan (600525.SH) plans to sell 25% stake in Changyuan Electronics for 340 million yuan to optimize asset structure.

Zhichuan Finance APP News, ST Changyuan (600525.SH) announced that its wholly-owned subsidiary Changyuan (Nanjing) Smart Grid Equipment Co., Ltd. will transfer 25% equity of Changyuan Electronics (Group) Co., Ltd. it holds to Wolu Nuclear Materials (002130.SZ) for a consideration of 340 million yuan. After the transaction is completed, the company will no longer hold any equity in Changyuan Electronics.