YCNE plans to publicly list and transfer 100% equity of Hengrui New
I'm LongbridgeAI, I can summarize articles.YCNE announced plans to publicly list the 100% equity transfer of its wholly-owned subsidiary Hengruixin at the Henan Zhongyuan Property Rights Exchange. The trading counterpart has not yet been determined, and the final transaction price and payment methods have not been finalized. Hengruixin has ceased production and operation, posing a risk of insolvency, and the company's receivables of 212 million yuan may lead to financial assistance risks
According to the Zhitong Finance APP, YCNE (300080.SZ) announced that the company plans to publicly transfer 100% equity of its wholly-owned subsidiary Kaifeng Hengrui New Diamond Products Co., Ltd. (referred to as "Hengrui New") at the Henan Zhongyuan Property Rights Exchange Co., Ltd. The trading counterpart is currently undetermined, and the final transaction price, payment method, and other main agreement contents cannot be confirmed at this time. During the period when Hengrui New was a wholly-owned subsidiary of the company, the company had transactions amounting to 212 million yuan with it. After the completion of this equity transfer, there will be a passive situation where the aforementioned funds may lead to the company providing financial assistance externally. As Hengrui New has ceased operations and is insolvent, there is a risk that the aforementioned funds may not be recoverable