ST Yuncheng: Major asset restructuring has already received 5.202 billion yuan, with some incomplete industrial and commercial registrations.
ST Cloud City announced that the company has publicly listed several subsidiary companies for sale, with the buyer identified. This transaction constitutes a related party transaction. As of now, the company has recovered all equity and debt payments from 12 target companies such as Kunming Chenghai, totaling approximately 52.02 billion yuan, and completed the equity transfer with the final asset buyer. 10 companies have completed business registration changes, while the remaining 4 companies have not yet completed the business registration changes, with 2 of them not completing the equity transfer. The company will continue to promote the follow-up implementation work.
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