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State Grid is determined to quit the real estate business. )
Under the current economic situation, all walks of life are actively exploring the road of transformation and upgrading and seeking new development opportunities. As a state-owned enterprise, State Grid is no exception. Recently, State Grid decided to quit the real estate business and focus on developing the main power industry.

background

State Grid is an important enterprise in China's electric power industry, and its main business is the production, transmission and sales of electric power. However, in the past few years, State Grid has also set foot in the real estate business. Although this cross-border business model has brought benefits to the State Grid to a certain extent, there are also some problems. First of all, the real estate business is inconsistent with the main power industry, which is easy to distract the energy and resources of enterprises. Secondly, the cyclical fluctuation of the real estate market will also bring risks to enterprises.

decision-making

Faced with these problems, State Grid decided to quit the real estate business and focus on developing the main power industry. This decision is well thought out and meets the needs of the national grid's own development. State Grid transfers the assets and business of real estate business to other enterprises, focusing on the development of the main power industry.

operation sequence/order

The operation steps for State Grid to exit the real estate business are as follows:

1. Define the timetable and roadmap for quitting the real estate business. State Grid will make detailed plans according to the timetable and gradually withdraw from the real estate business.

2. Find a suitable transferee. State Grid will seek suitable enterprises to take over the real estate business through public bidding.

3. Negotiate the transfer plan. State Grid will negotiate with the transferee on the specific transfer plan, including asset transfer, business transfer, personnel placement and other matters.

4. Implement the transfer plan. After reaching an agreement through consultation, State Grid will formally implement the transfer of assets and business to ensure the smooth completion of the goal of withdrawing from real estate business.