Tsinghua Tongfang (SHA:600100) plans to publicly list for offloading its 80% equity in sub-unit, Tsinghua Tongfang Industrial Information Technology, in a property rights exchange, according to a Shanghai bourse filing on Friday.
The stake is valued at 136.2 million yuan, but the final transaction price will be negotiated.
The information technology company's shares rose over 2% during the midday trade.
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