Three Gorges Water Conservancy announced that its wholly-owned subsidiary Wujiang Industrial intends to publicly list for transfer its 100% equity stake in Guizhou Wuling Manganese, while Wujiang Electric Power intends to simultaneously publicly list for transfer the related assets of the Youcaigou manganese slag reservoir. The two targets are mutually preconditions for the transaction and will be transferred as a bundle. The appraised value of the 100% equity in Wuling Manganese is 665 million yuan, and the appraised value of the related assets of the Youcaigou manganese slag reservoir is 185 million yuan, excluding value-added tax. This transaction still needs to be submitted to the company's shareholders' meeting for approval.
Chongqing Three Gorges Water Conservancy and Electric Power Co LtdThree Gorges Water Conservancy plans to publicly list for transfer its subsidiary's 100% equity in Wuling Manganese and related manganese slag reservoir assets as a bundled deal, pending shareholder approval.
Guizhou Wuling Manganese's 100% equity is being publicly listed for transfer at an appraised value of 665 million yuan as part of a bundled transaction.
Wujiang Industrial, a wholly-owned subsidiary of Three Gorges Water Conservancy, intends to publicly list for transfer its 100% equity stake in Guizhou Wuling Manganese.
Wujiang Electric Power intends to publicly list for transfer the related assets of the Youcaigou manganese slag reservoir, appraised at 185 million yuan, as part of the bundled deal.
