ST Tesco announced that the company's subsidiaries intend to jointly transfer 100% of the shares of Jiangsu Yunsheng E-Commerce Co., Ltd. through public listing or agreement transfer. The reserve price of the transfer shall not be less than RMB 1. As of May 31, 2026, Jiangsu Yunsheng's net assets were -10.202 billion yuan, and the assessed value of all shareholders' equity was -9.335 billion yuan. The transaction still needs to be submitted to the company's 5th Extraordinary Shareholders' Meeting in 2026 for review.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.