Jinlang Technology has announced that its wholly-owned subsidiary, Ningbo Jinlang Smart Energy Co., Ltd., plans to transfer its 100% stake in SuZhou Shiyuan Power New Energy Co., Ltd. to Kunshan Kunyue New Energy Co., Ltd. The transaction is valued at 6.5095 million yuan. Upon completion of the deal, SuZhou Shiyuan will no longer be included in the company’s consolidated financial statements.
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