Shanghai Electromechanical (600835.SH) plans to list and transfer 67% of the equity of its holding subsidiary Simic Welding Materials.

Zhitan Finance APP News, Shanghai Electric (600835.SH) announced that the company plans to publicly list and transfer 67% of its holdings in Shanghai Smic Welding Material Co., Ltd. ("Smic Welding Material") through the Shanghai United Property Exchange. The listing price is RMB 2.91 billion, corresponding to 67% of the assessed value of RMB 4.35 billion of Smic Welding Material's total equity value on June 30, 2025 (the final assessment value is subject to approval by the state-owned assets department).