MFSP: Plans to publicly list for sale unused equipment with an asset valuation of 175 million yuan

MFSP announced that the company plans to sell unused equipment and other assets from the Nanhu plant through a public listing via Jiaxing Property Rights Exchange Co., Ltd. The initial listing price will not be less than the assessed value of the assets, totaling RMB 175 million, and the final transfer price will be based on the listing transaction price set by Jiaxing Property Rights Company. This transaction aims to revitalize the company's assets and improve asset operational efficiency and liquidity. The transaction targets include the company's original paper machines No. 5 to No. 22 and related unused equipment and spare parts from associated sub-factories. The transaction still needs to be submitted for approval by the company's shareholders' meeting, and there are risks related to the uncertainty of the transaction transferee and price