Jiawei Energy: Wholly-owned subsidiary Vidis GmbH plans to shut down related businesses

36Kr learned that Jiawei Energy announced that, based on the need for strategic adjustment and resource optimization, and in light of the continued losses of its wholly-owned subsidiary Vidis GmbH, it has decided to shut down its related business. Vidis GmbH mainly engages in the wholesale and retail of electronic devices and components. After the shutdown, the company will orderly advance employee placement, debt handling, and inventory disposal. This shutdown can curb the expansion of subsidiary losses and help the company focus on its core industry layout. However, the company may face risks related to the progress and effectiveness of asset disposal not meeting expectations