Quanyangquan to sell 100% stake in Suzhou garden subsidiary for 321 million yuan
Quanyangquan (600189.SH) announced on September 22 that its board approved a formal public listing to sell its 100% equity stake in Suzhou Industrial Park Garden Greening Engineering Co., Ltd. The stake will be split into three tranches of 51%, 30%, and 19%, with a total minimum listing price of 321 million yuan (approximately $44.5 million). The transaction has received approval from state-owned asset authorities and completed evaluation filings. The sale still requires approval from the company's third extraordinary general meeting of shareholders in 2026.
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Quanyangquan Plans to Sell Subsidiary Suzhou Garden Engineering for 321 Million Yuan
On September 22, Quanyangquan (600189.SH) announced its intention to submit an application to the Jilin Changchun Equity Trading Center to publicly list for sale its 100% equity stake in subsidiary Suzhou Industrial Park Garden Greening Engineering Co., Ltd. The total base price for the listing is set at 321 million yuan (approximately $44.5 million). The stake will be split into three tranches for sale: 51%, 30%, and 19%. The announcement was reported by the Chinese financial media outlet National Business Daily (每日经济新闻).
Read sourceQuanyangquan Plans to List Subsidiary Garden Company for Stake Sale
Quanyangquan (600189.SH), a Chinese listed company, announced its intention to publicly list its wholly-owned subsidiary, Suzhou Industrial Park Landscape Engineering Co., Ltd. ("Park Garden"), for a stake sale on the Jilin Changchun Property Rights Exchange. The transaction has received approval from the company's state-owned assets supervisor, Jilin Changbai Mountain Forest Industry Group Co., Ltd., and has completed the required state-owned asset evaluation filing with the Jilin Provincial State-owned Assets Supervision and Administration Commission. The 100% equity of Park Garden will be split into three tranches of 51%, 30%, and 19% for listing, with a total minimum挂牌底价 (listing base price) of approximately 321 million yuan. The company stated that this divestiture aligns with its development strategy, aiming to optimize its asset structure, further concentrate on its core natural mineral water business, and enhance overall profitability.
Read sourceQuanyangquan Plans to Formally List Garden Subsidiary Stake for Sale at 321 Million Yuan
Quanyangquan, a Chinese company, announced on September 22 that its board has approved a formal public listing to sell its 100% stake in Suzhou Industrial Park Landscape Engineering Co., Ltd. The stake will be split into three tranches of 51%, 30%, and 19%, with a total minimum listing price of 321 million yuan. The company had previously disclosed a pre-listing for the sale. The transaction has received approval from state-owned asset regulatory authorities and completed the filing for state-owned asset evaluation. The sale still requires approval from the company's third extraordinary general meeting of shareholders in 2026.
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Quanyangquan to Publicly List Subsidiary Park Garden 100% Stake for Sale
Quanyangquan (600189.SH) announced on September 22 that it plans to submit formal public listing applications to the Jilin Changchun Equity Exchange Center for the sale of its 100% equity stake in its subsidiary, Park Garden. The stake will be split into three tranches of 51%, 30%, and 19% for the listing. The total minimum listing price for the 100% stake is set at 320.9622 million yuan. The company will proceed with the formal listing (including pre-disclosure) after the exchange center reviews and approves the applications.
Read sourceQuanyangquan to Formally List 100% Stake in Park Garden for 321 Million Yuan
Quanyangquan (Jilin Quanyangquan Co., Ltd.) announced that its board has approved a formal public listing plan to sell its 100% equity stake in Suzhou Industrial Park Garden Greening Engineering Co., Ltd. The stake will be split into three tranches of 51%, 30%, and 19%, with a total minimum listing price of 321 million yuan (approximately $44.5 million). The company had previously disclosed a pre-listing intention. The transaction has received approval from state-owned asset regulatory authorities and completed the required state-owned asset evaluation filing. The plan still requires approval from the company's third extraordinary general meeting of shareholders in 2026.
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