Asia
Zhonghua Geotechnical Engineering to Offload Engineering Services Arm
China Zhonghua Geotechnical Engineering (SHE:002542) plans to fully offload its engineering services subsidiary, Beijing Zhongyan Engineering Management, according to a Shenzhen bourse filing on Tuesday.Beijing Zhongyan's equities will be sold through the Southwest United Equity Exchange, with an initial listing price of 5.3 million yuan.The engineering services provider's shares rose 2% at the close.
SHE:002542
