Qiaoyin City Management announced that, in order to focus on its main business, optimize resource allocation and business structure, its wholly-owned subsidiary Qiaoyin Environment plans to transfer its 49% equity in Yinli Environment to China Water HHO for CNY107.8 million. After the transaction is completed, Qiaoyin Environment will hold 16% equity in Yinli Environment and transfer 2% voting rights to China Water HHO. The latter will hold 49% equity and 51% voting rights. Yinli Environment will no longer be included in the company's consolidated financial statements and will be changed to an equity investment company. It is expected that this transaction will bring about approximately CNY30.21 million of investment income to the company, reduce its debt ratio, and have a positive impact on its performance in 2024.
侨银股份：全资子公司转让银利环境49%股权
Qiaoyin City Management: Wholly-owned subsidiary transfers 49% equity of Yinli Environment.
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