China Merchants Property Operation&Service Co.,Ltd. (001914.SZ) Plans to Transfer 60% Stake in Subsidiary Hengyang China Aviation

Stock News11-11

China Merchants Property Operation&Service Co.,Ltd. (001914.SZ) announced its intention to sell a 60% stake in Hengyang China Aviation Real Estate Co., Ltd. ("Hengyang China Aviation") through a public listing on the Beijing Property Rights Exchange. The minimum listing price is set at 1.6756 million yuan, based on the valuation results issued by an appraisal agency.

If the state-approved valuation of the 60% stake exceeds 1.6756 million yuan, the listing price will be adjusted accordingly. Upon completion of the transaction, the company will no longer hold any equity in Hengyang China Aviation, and the subsidiary will cease to be included in the company's consolidated financial statements.

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