Ningbo Water Meter (Group) To Sell 100% Stake in Subsidiary

MT Newswires Live

2025/02/03

Ningbo Water Meter (Group) (SHA:603700) plans to transfer its entire 100% stake in its wholly owned subsidiary, Cixi Ning Shui Instrument Technology to individual buyers Yu Danyan and Cai Jichang for 57.0 million yuan, according to a Monday filing with the Shanghai bourse.

The deal was approved by the company's board on Jan. 22. It does not require shareholder approval and is not classified as a major asset restructuring.

The company will exclude the subsidiary from its consolidated financial statements upon completion of the deal. The transaction remains subject to contract signing and regulatory approvals.

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It does not require shareholder approval and is not classified as a major asset restructuring.</p><p>The company will exclude the subsidiary from its consolidated financial statements upon completion of the deal. The transaction remains subject to contract signing and regulatory approvals.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"603700","symbol_name":"寧水集團","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2508968181","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508968181","pubTimestamp":1738564958,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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