Jinlang Technology recently announced its plans to transfer ownership of four wholly-owned project subsidiaries. According to the announcement, its wholly-owned subsidiary, Jinlang Wisdom, intends to transfer 99.9% of its equity in three wholly-owned project subsidiaries to Xiamen Guomao New Energy, while transferring the remaining 0.1% to Xiamen Luguang. The total consideration for this equity transfer amounts to 27.744 million yuan. In addition, Jinlang Wisdom and Zhejiang Haisu plan to transfer 100% ownership of one wholly-owned project subsidiary to Jing Energy Shen, with a transfer price of 1.315 million yuan.
Upon completion of these transactions, the four wholly-owned project subsidiaries will no longer be included in the company’s consolidated financial statements. This equity transfer will also involve the external transfer of certain photovoltaic power stations related to the company’s convertible bond fundraising projects.
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