CMST plans to transfer 65% equity of Zhongchu Hengkang at a price of 69.31 million yuan, focusing on its main responsibilities and core business
I'm LongbridgeAI, I can summarize articles.CMST announced plans to transfer its 65% equity stake in Zhongchu Hengkang for 69.31 million yuan to China Packaging. After this transaction, CMST will hold a 35% equity stake in Zhongchu Hengkang and will no longer be included in the consolidated financial statements. This move aims to optimize resource allocation, focus on core responsibilities and businesses, and achieve high-quality development
According to the announcement from CMST (600787.SH), the company plans to transfer 65% of its equity in Zhongchu Hengkai Internet of Things System Co., Ltd. (referred to as "Zhongchu Hengkai") to China Packaging Co., Ltd. (referred to as "China Packaging") through a private agreement. The transaction price for the equity transfer, based on the asset appraisal report No. 2120 (2024) issued by Beijing Zhuoxin Dahua Asset Appraisal Co., Ltd., is RMB 69.3138 million. After the completion of this transaction, the company will hold 35% of the equity in Zhongchu Hengkai. The scope of the company's consolidated financial statements will change, and Zhongchu Hengkai will no longer be included in the company's consolidated financial statements. The company intends to authorize the management to handle all matters related to the transfer and to sign all external legal documents.
It is reported that Zhongchu Hengkai is a manufacturing enterprise. In order to activate existing assets, optimize resource allocation, focus on the main responsibilities of warehousing and logistics, and achieve high-quality development of the company, the company has decided to transfer its 65% equity in Zhongchu Hengkai after research