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Three Gorges Hydropower: Pre-listing transfer of 67% equity in Wuling Manganese Industry
People’s Finance and News, April 2. China Three Gorges Water Conservancy (600116) announced on April 2 that the company’s wholly owned subsidiary, Chongqing Wujiang Industrial (Group) Co., Ltd. (hereinafter referred to as “Wujiang Industrial”), plans to pre-announce the transfer through the Chongqing United Property Rights Exchange of 67% of the equity interest in its wholly owned subsidiary, Guizhou Wuling Manganese Industry Co., Ltd. (hereinafter referred to as “Wuling Manganese Industry”). This pre-announcement and transfer is scheduled to be carried out in Chongqing.
This pre-announcement is only for information pre-disclosure and solicitation of potential transferees’ intentions, and does not constitute a transaction. At present, the key details of the transaction—such as the identity of the counterparty, the transaction price, and the payment method—cannot yet be determined.