Min Xin Holdings (00222.HK) intends to list for sale the entire equity of Min Xin Microfinance in Sanyuan District, Sanming City, with an initial bid price of approximately RMB 27.47 million.

Zhitong Finance APP news, Min Xin Holdings (00222.HK) announced that the company intends to sell all the issued share capital of the target company, Sanming City Sanyuan District Min Xin Microfinance Co., Ltd., held by the company. According to the relevant Chinese laws and regulations on the transfer of state-owned assets, the transfer of state-owned assets must undergo a public listing procedure at an approved property rights exchange. Given that the sale interest is regarded as state-owned assets, the potential disposal will be conducted through the Fujian Property Rights Exchange Center, and the initial bidding price for the sale interest is approximately RMB 27.47 million.