SXN plans to sell 100% equity of KPS to optimize its asset structure
SXN plans to sell 100% equity of its wholly-owned subsidiary Kensington Park School Limited (KPS) for £80,000 to Hong Kong KS Education Group Limited. This transaction is expected to generate approximately RMB 20 million in investment income and increase net assets by about RMB 27 million, aiming to optimize asset structure and enhance operational efficiency
According to the Zhitong Finance APP, SXN (600661.SH) announced that the company plans to sell 100% equity of Kensington Park School Limited (referred to as "KPS") for a transaction price of £80,000 to Hong Kong KS Education Group Limited or its designated company (referred to as "KSE"), and has signed the Equity Transfer Agreement.
KPS is a wholly-owned subsidiary of the company, and its main business is operating Kensington Park School, an independent school located in London's West End, providing GCSE and A-Level courses for students in grades 7 to 13 and offering accommodation for boarding students.
Preliminary estimates indicate that this sale is expected to generate approximately 20 million yuan in investment income, increasing the company's net assets by about 27 million yuan (excluding taxes and other fees). The sale of KPS equity will help the company further optimize its asset structure and resource allocation, enhancing asset operational efficiency
