BUCID(SH:600266) Zheng Quan Zhi Xing·2025-06-05 13:36Core Viewpoint - Beijing Urban Construction Investment Development Co., Ltd. plans to publicly transfer 9.24% equity in Beijing Science and Technology Park Construction (Group) Co., Ltd. at a minimum price of 28,206.06 million RMB, based on the net asset evaluation value multiplied by the company's shareholding ratio [1][2][9]. Group 1: Transaction Overview - The company holds 28 million shares in Beijing Science and Technology Park Construction, representing 9.24% of its total share capital, and intends to transfer this stake through public listing [2][3]. - The purpose of the transaction is to optimize the company's asset structure and resource allocation, thereby enhancing operational efficiency [2]. - The board of directors approved the proposal with a unanimous vote, and the transaction requires approval from the shareholders' meeting [2][3]. Group 2: Financial Information - The registered capital of Beijing Science and Technology Park Construction is 302,928.1648 million RMB, with total assets reported at 4,244,664.44 million RMB and total liabilities at 3,618,947.76 million RMB [4][7]. - The net asset value is 625,716.68 million RMB, with a net profit of -19,033.68 million RMB for the first quarter of 2025 [7][9]. - The asset evaluation report indicates that the total equity value of Beijing Science and Technology Park Construction is 305,260.38 million RMB, with a significant reduction in value based on different evaluation methods [9][10][11]. Group 3: Evaluation and Pricing - The asset-based evaluation method determined a net asset value of 305,260.38 million RMB, which will serve as the basis for the minimum transfer price [9][12]. - The evaluation results showed a significant impairment of 62.84% in net assets, indicating a substantial decrease in value [10][11]. - The final transaction price and the buyer remain uncertain, as they will depend on the public listing results [2][3][12].