On June 24th, Gelonghui announced that Hubei Yihua Chemical Industry (000422.SZ) plans to transfer the 100% equity of its wholly-owned subsidiary Hubei Yihua Degradable New Materials Co., Ltd. (referred to as "Degradable New Materials") through public listing to optimize resource allocation and improve the company's profitability. The transfer floor price shall not be lower than the appraisal value of the transaction target filed, which is 151 million yuan. After the completion of the transaction, Degradable New Materials will no longer be included in the company's consolidated financial statements.
湖北宜化(000422.SZ)：拟不低于1.51亿元挂牌转让降解新材料100%股权
Hubei Yihua Chemical Industry (000422.SZ): intends to transfer 100% equity of degradable new materials with a listing price not less than 151 million yuan.
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