-- CCOOP Group (SHE:000564) plans to sell its wholly-owned subsidiary, Changchun Meilifang Minsheng Shopping Center, via public bidding.
The subsidiary incurred a net loss of 73.9 million yuan in 2025, according to a Wednesday filing with the Shanghai bourse.
The sale aims to optimize asset allocation and reduce debt burden, allowing the company to focus on core operations.
The final price will be determined through bidding on the Shanghai United Assets and Equity Exchange.
Shares of the department store operator rose 3% in recent trade.