近4亿元买进，却拟100万元“甩卖”？ 华明装备“跳水式”抛售背后：交易标的出现“幽灵债务”

Core Viewpoint - The significant disparity in the selling price of Guizhou Changzheng Electric Co., Ltd. by Huaming Equipment raises concerns, as the asset was acquired for 398 million yuan and is now being sold for only 1 million yuan, indicating a drastic depreciation in value [1][5][6]. Group 1: Transaction Details - Huaming Equipment announced the sale of 100% equity in Guizhou Changzheng Electric for 1 million yuan, a stark contrast to the previous valuation of up to 19.8564 million yuan just twenty days prior [1][3]. - The original acquisition price of Guizhou Changzheng Electric in 2018 was 398 million yuan, highlighting a significant loss in value over the years [1][5]. - The buyer, Shanghai Xinjiahe, was established only 20 days before the agreement, raising questions about the legitimacy and intent behind the transaction [3][4]. Group 2: Reasons for Sale - The sale is aimed at mitigating potential legal risks associated with Guizhou Changzheng Electric, which is currently involved in a significant lawsuit that predates Huaming Equipment's acquisition [6][7]. - The company stated that the transaction would help optimize resource allocation and improve operational efficiency, ensuring stable development and protecting shareholder interests [2][6]. - The legal issues include a lawsuit related to a 200 million yuan loan guarantee that Guizhou Changzheng Electric is implicated in, which could have long-term financial implications for Huaming Equipment [7][8]. Group 3: Buyer’s Awareness - Shanghai Xinjiahe, the buyer, is reportedly aware of the potential legal issues and historical liabilities associated with Guizhou Changzheng Electric, and has agreed not to claim any compensation from Huaming Equipment due to these issues [9].