According to Zhitong Finance App, Huahong Hongli (01347.HK) announced that in order to revitalize existing idle assets, optimize resource allocation, and improve asset operation efficiency, the company plans to promote the holding subsidiary Huahong Semiconductor (Wuxi) Co., Ltd. to transfer 100% of the shares and related claims held by Huahong Real Estate through public listing on the Shanghai Joint Property Exchange. Related claims include claims confirmed by the evaluation benchmark Nikkei Audit and additional claims in the future. The initial listing price is not lower than the corresponding assessed value registered by Shanghai Huahong (Group) Co., Ltd., and the final transaction price is based on the results of the public listing transaction.

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