GUOTONG PP(SH:600444) Zheng Quan Shi Bao Wang·2024-11-13 10:34Core Viewpoint - The company, Guojima General (国机通用), plans to publicly transfer 100% equity of its wholly-owned subsidiary, Anhui Guotong High-tech Pipe Industry Co., Ltd. (管业公司), through the Shanghai United Assets and Equity Exchange, following the approval of state-owned assets [1][2]. Group 1: Company Strategy and Operations - The decision to divest the pipe business aligns with the company's overall operational strategy and aims to optimize management structure, reduce management costs, and enhance operational efficiency [1][2]. - The company has been adjusting its plastic pipe business in recent years, indicating a strategic shift away from this segment [1][2]. Group 2: Financial Implications - The equity value of the pipe company, as assessed by Beijing Zhuoxin Dahua Asset Appraisal Co., Ltd., is approximately 733,500 yuan (73.35 million) as of September 30, 2024, with the initial listing price set at no less than this assessed value [2]. - The transfer of the pipe company will result in a reduction of revenue for a certain period and may incur costs related to employee severance and asset disposal losses [1][2]. Group 3: Transaction Details - The final buyer of the equity remains uncertain, and it is currently unclear whether the transaction will constitute a related party transaction [3]. - The transaction does not fall under the category of significant asset restructuring as defined by the relevant regulations [3].