State Grid Yingda (600517.SH) subsidiary plans to sell 100% of Yingda Futures shares for 1,129 million yuan

According to the Zhitong Finance App, the State Grid Yingda (600517.SH) announced that in order to further optimize the financial business layout, Yingda Securities, a wholly-owned subsidiary of the company, plans to sell 100% of its shares in Yingda Futures to CNPC Capital Co., Ltd. at a price of 1,129 billion yuan. The transaction is intended to be in cash. It does not involve the company issuing shares, nor will it cause a change in the company's control. If this transaction is successfully completed, Yingda Futures will no longer be included in the scope of the company's consolidated statements.

The transfer of 100% of the shares in Yingda Futures will help the company focus on its main business, optimize the company's business structure, and further enhance the company's core competitiveness. This transaction can increase the company's cash inflow, help the company concentrate resources to further expand the transformation business, and play a positive role in the company's strategic transformation.