Yunnan City Investment plans to list and transfer 70% equity of its holding subsidiary Zhongjian Suifeng
Yunnan City Investment plans to publicly transfer 70% of the equity of its controlling subsidiary Zhongjian Suifeng, with a transfer base price of 329 million yuan. This move aims to optimize the asset structure, improve cash flow, reduce interest-bearing liabilities, relieve guarantee obligations, and support the company's asset-light transformation. Through this transfer, the company hopes to recover its investment and enhance profitability
According to the Zhitong Finance APP, Yunnan City Investment (600239.SH) announced that in order to further optimize its asset structure, improve cash flow, ensure timely recovery of investments, and lock in investment returns, the company plans to transfer 70% of its equity in China State Construction Suifeng Real Estate Co., Ltd. (hereinafter referred to as "China State Construction Suifeng") through a public listing. The minimum transfer price for this public listing is set at 329 million yuan, and it will not be lower than the assessed value filed with the relevant state-owned asset supervision and administration departments or units with filing authority. The final transaction price and counterpart will be based on the results of the public listing.
This equity transfer aims to optimize the asset structure, reduce the company's interest-bearing liabilities, and relieve guarantee obligations, providing support for the company's light asset transformation. Through this equity transfer, it is beneficial for the company to recover its previous investments and realize partial investment returns; at the same time, it can increase the company's cash flow and enhance its profitability
