ChangYuan Technology (600525.SH) plans to sell 25% of its equity in Changyuan Electronics for 340 million yuan to optimize its asset structure.

ChangYuan Technology (600525.SH) announced that its wholly-owned subsidiary, Chang Yuan (Nanjing) Intelligent Power Grid Equipment Co., Ltd., will transfer 25% of its equity in Changyuan Electronics (Group) Co., Ltd. to Shenzhen Woer Heat-shrinkable Material (002130.SZ) for a consideration of 340 million yuan. After the completion of the transaction, the company will no longer hold any equity in Changyuan Electronics. The announcement stated that Changyuan Electronics is primarily engaged in the research and production of heat-shrinkable materials and foam materials. The sale of 25% equity in Changyuan Electronics by Nanjing Changyuan will optimize the company's assets, increase cash flow, enhance asset liquidity, and help further improve the company's asset structure.