KUANGSHUN MATERIAL plans to transfer 100% equity of Hunan Sunshine to optimize its capital structure
KUANGSHUN MATERIAL announced that its wholly-owned subsidiary Jiangsu Hongtai intends to transfer 100% equity of Hunan Sunshine to Hunan Xunyue, with a transfer price of 9.8 million yuan. This move aims to optimize the capital structure, integrate resources, enhance market competitiveness and operational quality, and promote sustainable development. The transaction will deepen the company's development strategy, rationally allocate resources, and drive business optimization and upgrading
According to the Zhitong Finance APP, Guangxin Materials (300537.SZ) announced that its wholly-owned subsidiary Jiangsu Hongtai Polymer Materials Co., Ltd. (hereinafter referred to as "Jiangsu Hongtai") intends to transfer 100% equity of Hunan Sunshine New Materials Co., Ltd. (hereinafter referred to as "Hunan Sunshine") to Hunan Xunyue Energy Conservation and Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Hunan Xunyue") for a transfer price of 9.8 million yuan.
With the clarification of the company's strategic positioning and changes in the market environment, in order to further focus on resource integration and leverage the advantages of centralized operations, based on the gradual production of the company's Longnan base and the progress of business integration, the company will gradually integrate its resources, optimize its asset structure, and reduce redundant costs from multi-base operations, thereby enhancing the company's market competitiveness and operational quality, and promoting sustainable development. This transaction will further deepen the company's development strategy, optimize the capital structure, rationally allocate resources, and promote the optimization and upgrading of the company's business, enhancing asset operation efficiency
