Zhitong Finance App News,$YUNNAN WATER (06839.HK)$An announcement was issued. On June 24, 2024, the company (as the seller) and the buyer (Wuxi Pinghu Water Purification Technology Co., Ltd.) concluded: (a) the company agreed to sell and the buyer agreed to buy 75% of the shares of Wuxi Zhongfa, at a cost of RMB 95.906 million; (b) the Wuxi Yunshui property rights transaction contract. According to this, the company agreed to sell and the buyer agreed to buy 100% of the shares of Wuxi Yunshui, at a cost of about RMB 57.046 million; (c) Ehu Yunshui rights trading contract, according to which As a result, the company agreed to sell and the buyer agreed to buy Goose Lake Yunshui has 100% equity at a cost of RMB 184.403 million. Once the sale is completed, the company will no longer own any shares in the selling entity.

Based on the company's strategic development and internal management requirements, the company decided to proceed with the sale. The directors believe that the sale will ease the Group's current financial difficulties and reduce the company's debt level and balance ratio.