Core Viewpoint - Nanjing Public Utilities (000421.SZ) plans to transfer 51% equity stake in Zhongbei Jinjing Real Estate through public listing to optimize resource allocation and improve asset operation efficiency [1] Summary by Relevant Sections Equity Transfer - Zhongbei Shengye intends to transfer its 51% stake in Zhongbei Jinjing Real Estate via the Nanjing Public Resource Trading Center [1] - The base price for the transfer is set at RMB 34.52 million, which corresponds to the assessed value of the 51% equity stake [1] Valuation Details - The total assessed value of shareholders' equity is reported at RMB 67.69 million as of the valuation benchmark date of August 31, 2025 [1] - The assessed value of Zhongbei Shengye's 51% stake in Zhongbei Jinjing Real Estate is RMB 34.52 million [1] Financial Reporting Implications - If the transaction is successfully completed, Zhongbei Jinjing Real Estate will no longer be included in the company's consolidated financial statements [1]