FilingReader Intelligence

SGIS Songshan sells 24.5% Baohong Technology stake

July 19, 2025 at 05:05 AM UTC•By FilingReader AI

SGIS Songshan is selling its 24.5% stake in Baohong Technology for CNY 206.95m. The company also waived its right of first refusal on Baowu Clean Energy's 26.5% stake.

A consortium led by Guangdong Yuntao Hydrogen Energy Technology will acquire the combined 51% controlling stake.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Progress announcement regarding the listing for transfer of partial equity in an associate company and the waiver of the right of first refusal, which constitutes a connected transactionJuly 18, 2025 at 08:00 AM UTC

SGIS Songshan

SZSE:000717•Shenzhen Stock Exchange

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