Shenzhen SEG plans sale of Huakong Seg shares to boost investment income

Shenzhen SEG Co., Ltd. announced a plan to sell up to 30,200,100 shares of Huakong Seg Co., Ltd., representing no more than 3% of its total share capital. The divestment will occur between the approval by a shareholders' meeting and December 31, 2025, through centralized bidding or block trading on the Shenzhen Stock Exchange. This move aims to enhance investment returns and improve the company's asset and business structure.

As of June 30, 2025, Shenzhen SEG was the second-largest shareholder in Huakong Seg, holding 14.18% of its total share capital. The proposed transaction is not considered a connected transaction or a major asset restructuring. The ultimate financial impact will depend on market conditions at the time of implementation.

Huakong Seg's financial data as of June 30, 2025, showed total assets of 4,176,692,531.47 yuan and net assets attributable to shareholders of 619,464,802.49 yuan. For the period ending June 30, 2025, Huakong Seg reported an operating income of 326,155,031.03 yuan and a net loss attributable to shareholders of -88,775,613.61 yuan.