CHANGAN RH Considers Divestiture of Yangyuan County Subsidiary

Stock News
May 18

CHANGAN RH (08139) has announced that it is currently engaged in preliminary discussions with potential buyers regarding the sale of its wholly-owned subsidiary, Yangyuan County Renheng Fine Clay Co., Ltd., located in Hebei, China. This potential divestment is part of the company's strategy to optimize its investment portfolio, reduce its debt ratio, save on interest costs, allocate resources more efficiently, and enhance the group's overall operational efficiency and long-term competitiveness. As of the date of this announcement, the discussions are in a very early stage. The group has not entered into any legally binding or formal agreements, and no key terms for the potential transaction have been finalized by the involved parties.

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