China Shuifa Singyes Energy Holdings Ltd. Announces Disposal of Subsidiary Interest Following Shareholder Approval

Reuters
29 Jun
China Shuifa Singyes Energy Holdings Ltd. Announces Disposal of Subsidiary Interest Following Shareholder Approval

China Shuifa Singyes Energy Holdings Ltd., a Bermuda-incorporated company, announced an update regarding its disposal of interest in a subsidiary. The announcement, dated 30 June 2025, references prior announcements on 12 February 2025 concerning the Investment Agreement and related transactions. The company has successfully obtained written approval for the disposal, involving its wholly-owned subsidiary, Shuifa Xingye Holdings Co., Ltd., based in the PRC. The valuation for the transaction was conducted by Shanghai Lixin Appraisal Co., Ltd., an independent qualified PRC valuer.

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