ST Infineon (002528.SZ) subsidiary plans to publicly list and transfer 100% of Hangzhou Technology's shares

Zhitong Finance App News, ST Infineon (002528.SZ) announced that the company's wholly-owned subsidiary Infineon (Hangzhou) Information Systems Technology Co., Ltd. (“Infineon Systems”) plans to publicly list and transfer 100% of its wholly-owned subsidiary Infineon (Hangzhou) Technology Co., Ltd. (“Hangzhou Technology”) on the Taobao Asset Bidding Network platform. Infineon Systems sells 100% of Hangzhou Technology's shares at a minimum listing price of 1 yuan. The equity sale is aimed at further integrating the company's resources.