Summary by Futu AI
ZHONGLIAN HEAVY TECH CO., LTD. ANNOUNCED THAT IT WILL SPLIT OFF ITS FLAGSHIP SUBSIDIARY HUNAN ZHONGLIAN ZHONGLIAN INTELLIGENT HIGH-ALTITUDE OPERATION MACHINERY CO., LTD. (ZHONGLIAN HIGH-ALTITUDE MACHINERY) TO RE-MARKET. The demerger will enable CUHK to strengthen its capital strength through an independent listed company platform, further expand its business layout and enhance its leading position and competitive advantage in the aerial machinery industry. CUHK is the controlling shareholder of CUHK. After the split, CUHK will continue to retain control of CUHK. The delisting will help unlock the full value of SCLC and enhance the company's future overall profit levels. The demerger plan has been approved by the Board of Directors and will be submitted to the General...Show More