Asia
Zhejiang Qianjiang Biochemical Transferring 225 Million Yuan in Assets to Subsidiary
Zhejiang Qianjiang Biochemical (SHA:600796) will transfer about 224.9 million yuan in net assets to wholly-owned subsidiary Qichao Biotech, in a no-consideration transfer.The transfer includes assets, liabilities, and employee relationships from the Biochemical Branch production base as part of a relocation project.The move aims to optimize asset structure and operational efficiency without changing the consolidated reporting scope.Shares of the biochemical company closed 2% lower Thursday.
SHA:600796
