Shenyang Commercial City Co.Ltd(600306) announced that in order to further reduce the delisting risk in the future, the company plans to sell 100% equity of its wholly-owned subsidiary mall department store. After preliminary communication, the company’s shareholder zhongzhao investment intends to buy the above assets. In order to promote the implementation of relevant matters, the company has signed a letter of intent with the other party. According to preliminary calculation, this transaction may constitute a major asset restructuring.
(source: Shanghai Securities News · China Securities Network)
