Sunlands Technology Group to Sell Subsidiary Equity for RMB126 Million
Sunlands Technology Group announced the sale of a wholly owned subsidiary to an independent buyer. The transaction is valued at RMB126 million and forms part of an effort to adjust asset holdings.
thehindubusinessline.comLtd. , Ltd. , Ltd. 0 million, payable in installments under the agreement terms. The parties also signed a fund supervision agreement with Guangdong Huaxing Bank covering a portion of the proceeds.
The sale is not a related-party transaction.
Completion remains subject to customary closing conditions, including payment arrangements, release of supervised funds, and equity transfer registration with the relevant market authority. Sunlands stated the disposal is intended to streamline its asset structure, improve capital allocation efficiency, and focus resources on core operations.
The company said it does not expect the transaction to end its status as an operating company or discontinue a substantial portion of its business.
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