Anyang Iron & Steel Corporation (600569.SH) plans to sell its equity in Yongtong Company and Yuhe Company to its controlling shareholder.

Financial news from the Caijing APP, Anyang Iron and Steel (600569.SH) announced that the company plans to sell all the shares of Yongtong Company and Yuhe Company held by the company to the controlling shareholder Angang Group in cash. The selling price is determined based on the final valuation value of RMB 955 million as per the audit report of the same accounting firm (special general partnership) and the evaluation report of Beijing Guorong Xinghua Asset Evaluation Co., Ltd. The equity assessment amount of the shareholders is RMB 955 million, and the equity transfer price calculated by the company's shareholding ratio is RMB 837 million. After the completion of this transaction, the company will no longer hold shares in Yongtong Company and Yuhe Company.