Beijing Enterprises Environment Group Limited (HK:0154) has released an update.
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Beijing Enterprises Environment Group Limited has successfully completed the sale of its 51% stake in a target company to Hainan Gerun Investment Company Limited for RMB41,488,110, which is approximately a 10% discount on the appraised value. The sale price was adjusted down by 21.5% from the initial tender price, marking a strategic transaction for the company with a connected person at the subsidiary level. The disposal was conducted through public tender, with the transaction price complying with state-owned asset transaction regulations.
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