Sinomach General Machinery Science & Technology (600444.SH): Intends to transfer 100% equity of its wholly-owned subsidiary Pipe Industry Company.

Gelonghui Finance · Nov 13 16:55

On November 13, Glonghui announced that sinomach general machinery science & technology (600444.SH) revealed that based on the company's overall operation planning and business structure, along with the development of the company's plastics pipe business, to further optimize the management structure, reduce management costs, and improve overall operation efficiency, and to implement the decision made at the shareholder meeting regarding the optimization and adjustment of company operations and withdrawal from the pipe business, the company intends to entrust shanghai United property exchange to transfer 100% equity of its wholly-owned subsidiary Anhui Guotong High-tech Pipe Industry Co., Ltd. (referred to as "pipe company") through public listing for trade. According to the evaluation by peking Zhuoxin Dahua Asset Appraisal Co., Ltd., the assessed value of the total equity interest of the pipe company as of the assessment base date of September 30, 2024, is 0.733511 million yuan, and the initial listing price shall not be less than the assessed value of 0.733511 million yuan, while the final transfer price to the transferee will be determined based on the public listing trading results according to the trading rules of the property exchange. After the completion of this transfer, the pipe company will no longer be included in the company's consolidated financial statements.

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国机通用(600444.SH)：拟转让全资子公司管业公司100%股权

Sinomach General Machinery Science & Technology (600444.SH): Intends to transfer 100% equity of its wholly-owned subsidiary Pipe Industry Company.

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