YJFC plans to sell 51% equity in Huayin Wood Industry, which is expected to constitute a major asset restructuring
I'm PortAI, I can summarize articles.
ST YJFC announced plans to sell a 51% stake in Huiyin Wood Industry due to its poor operating conditions, which affect the company's development. This transaction aims to divest non-performing assets, reduce the company's burden, and promote long-term healthy development. The transaction will be settled in cash and is expected to constitute a significant asset restructuring, but it will not affect the controlling shareholder and actual controller. After the transaction is completed, the company will optimize its asset structure, improve its financial condition, reduce its debt-to-asset ratio, and protect the interests of investors
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments