嘉麟杰拟以初始投资价8折出让MTM部分股权 将导致公司长期股权投资亏损

Core Viewpoint - The company Jia Lin Jie plans to transfer 7% of its shares in Masood Textile Mills Limited (MTM) to MTM's CEO, which will result in a reduction of its stake from 25.78% to 18.78% after the transaction [1][2][3] Group 1: Share Transfer Details - Jia Lin Jie will transfer 4.725 million shares of MTM at a price of $1.5 per share, totaling approximately $7.0875 million [1] - After the transfer, Jia Lin Jie will hold 18.78% of MTM's shares [1] - MTM is a publicly listed company in Pakistan, established in 1984, specializing in cotton products and synthetic fibers [1] Group 2: Historical Investment - Jia Lin Jie acquired its initial stake in MTM in 2014 for $27.9266 million, purchasing 14.6213 million shares, which represented 24.36% of MTM's total ordinary shares [2] - The company increased its stake in MTM through additional share purchases in 2016, bringing its total holdings to 17.3968 million shares, or 25.78% of MTM [2] Group 3: Financial Implications - The pricing of the share transfer is based on the company's initial investment cost and current long-term equity investment value, set at 80% of the initial investment [3] - The transaction is expected to optimize the company's asset structure and will not affect the consolidated financial statements [3] - The proceeds from the share transfer will support the company's future operational and investment needs [3] Group 4: Performance Outlook - For 2024, Jia Lin Jie anticipates a significant decline in net profit, projecting between 4 million to 8 million yuan, down 84.45% to 92.23% year-on-year [4] - The company attributes the decline to losses from overseas joint ventures and increased competition in the textile market, which has affected profit margins [4]