Tongyu Heavy Industry (300185.SZ) plans to list and transfer 100% equity of Changzhou Haijie.

Zhitong Finance APP News, Tongyu Heavy Industry (300185.SZ) announced that the company plans to transfer 100% equity of its wholly-owned subsidiary Changzhou Haijie Metallurgical Machinery Manufacturing Co., Ltd. (hereinafter referred to as "Changzhou Haijie") through a public listing at a property rights trading institution. This equity transfer is in line with the company's strategic deployment of focusing on its main business and accelerating transformation and development. It is conducive to the company optimizing resource allocation, improving asset quality, concentrating resources to support the development of core businesses, and enhancing the overall performance of the listed company.