HUIDA SANITARY WARE plans to sell 100% of its equity and debt in Guangxi New Gaosheng to optimize its industrial structure
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HUIDA SANITARY WARE announced that its holding subsidiary Beiliu Xinxingda intends to publicly list and transfer 100% equity and debt of Guangxi Xingaosheng, with the amount of debt 1 being 132 million yuan and the amount of debt 2 being 138 million yuan. Guangxi Xingaosheng is a high-tech enterprise mainly engaged in ceramic thin slate products and is currently in a state of suspension of production. This transaction aims to optimize the industrial structure, integrate resources, reduce management costs, and improve asset operation efficiency
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