According to Zhitong Finance App News, Huahong Hongli (688347.SH) announced that in order to revitalize existing idle assets, optimize resource allocation, and improve asset operation efficiency, the company's holding subsidiary Huahong Semiconductor (Wuxi) Co., Ltd. plans to transfer 100% of the shares and related claims of Huahong Real Estate (Wuxi) Co., Ltd. (“Huahong Real Estate” for short) through public listing on the Shanghai Joint Property Exchange. The initial listing price is not lower than the corresponding assessed value registered by Shanghai Huahong (Group) Co., Ltd.

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