Yingliu Corporation (603308.SH) plans to participate in the bidding for a 28.46% stake in its subsidiary Yingliu Airlines.

Intelligent Financial News APP, according to the announcement of Yingliu Stock (603308.SH), the company plans to acquire the minority shareholders' equity of its controlling subsidiary Anhui Yingliu Aviation Technology Co., Ltd. (referred to as "Yingliu Aviation") through the Anhui Provincial Property Exchange Center by means of public bidding. The company plans to publicly bid to acquire 28.4615% of the equity of Yingliu Aviation held by Lu'an Industrial Investment Fund Co., Ltd. (referred to as "Lu'an Investment") and Jin'an Industrial Development Investment Co., Ltd. (referred to as "Jin'an Investment") at a base price of RMB 484 million. After the completion of the acquisition, the company will directly and indirectly hold 90% of the equity of Yingliu Aviation through its wholly-owned subsidiary Anhui Yingliu Group Huoshan Foundry Co., Ltd. (referred to as "Yingliu Foundry"), while Lu'an Investment will hold 10% of the equity of Yingliu Aviation.