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Ningbo Dongli (002164.SZ): Plans to sell 100% equity interest in its wholly owned subsidiary, Ounik Automatic Door.
Gelonghui, May 28 — Ningbo Dongli Co., Ltd. (SZSE: 002164) announced that the company intends to transfer 100% of the equity interest in Ningbo Onick Automatic Door Co., Ltd. (hereinafter referred to as “Onick Automatic Door” or the “Target Company”) to its controlling shareholder, Dongli Holding Group Co., Ltd. (hereinafter referred to as “Dongli Holding”), at a price of RMB 35.2502 million. The production and sales operations of the company’s door control business segment are independently conducted by its wholly-owned subsidiary, Ningbo Onick Technology Co., Ltd. Historically, Onick Automatic Door’s revenue has primarily derived from property leasing and it operates as a separate legal entity from Ningbo Onick Technology Co., Ltd. Upon completion of this transaction,
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