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Taiyuan Heavy Industry: Plans to sell assets to controlling shareholders for a price of 467 million yuan

On December 2nd, Jinshi Data News: Taiyuan Heavy Industry announced that the company plans to sell the controlling stake of its wind power company to the controlling shareholder, Taiyuan Heavy Group, for a total price of 467 million yuan. After the transaction is completed, the new energy company will not compete with the company. This transaction is beneficial to resolving industry competition, further optimizing the company’s asset structure, reducing the debt-to-asset ratio, and improving the company’s financial structure and risk resistance. The transaction still needs to be submitted to the shareholders’ meeting for approval.

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