Core Viewpoint - Victory Pipeline (01080.HK) plans to sell 98% equity held by Shandong Victory in a target company through a public bidding process at Shanghai United Assets and Equity Exchange, with a minimum bid price set at RMB 29.5 million [1] Group 1: Company Overview - The target company, Zhejiang Victory Industrial Co., Ltd., is a limited company registered in China and is a subsidiary of the company, with 98% equity owned by Shandong Victory Steel Pipe Co., Ltd. [1] - Shandong Victory is an indirectly wholly-owned subsidiary of the company, also registered in China [1] Group 2: Asset Details - The target company has no operational business, and its core asset is a non-listed equity investment, specifically a 19.95% stake in Xinfeng Energy Group Co., Ltd. [1] - This investment is classified as a financial asset measured at fair value through other comprehensive income [1] Group 3: Industry Context - Xinfeng Energy is a limited company established in China, primarily engaged in the manufacturing and sales of new energy power equipment, sales of wind farm-related equipment, wind power technology services, and research and development of emerging energy technologies [1]
胜利管道(01080.HK)拟出售浙江胜管实业有限公司的98%股权