Changshan Beiming: The company plans to implement asset replacement

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Jin10 Data, Oct 27 - Changshan Beiming announced on the evening of Oct 27 that the company plans to introduce new energy and smart city businesses that have synergies with the software business, while divesting its textile business. The company plans to exchange the 100% equity of Changshan Hengxin, a wholly-owned subsidiary, for the 100% equity of Shijiazhuang Energy Investment Development Co., Ltd. held by Huifa New Energy, a subsidiary of Changshan Group, and 80% of the equity of Shijiazhuang Smart Industry Co., Ltd. held by Shijiazhuang Huirong Information Technology Co., Ltd. (together referred to as "incoming assets"). The difference between the outgoing assets and incoming assets will be made up in cash.

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