Group 1 - The company has approved a capital reduction for its wholly-owned subsidiary GRAND OILS & FOODS (SINGAPORE) PTE.LTD., decreasing its registered capital from 73 million USD to 24.3 million USD, a reduction of 48.7 million USD [1][2] - The capital reduction does not constitute a related party transaction or a significant asset restructuring as defined by regulations [2] - The subsidiary, established in August 2016, reported a sales revenue of 74.51 million USD and a net loss of 1.25 million USD for the fiscal year 2024 [2][3] Group 2 - The purpose of the capital reduction is to optimize the company's asset structure and improve asset management efficiency, which will not significantly impact the company's financial status or operational results [3] - The company holds 100% equity in the subsidiary, which had total assets of 78.73 million USD and net assets of 71.88 million USD as of March 31, 2025 [2][3]
远大控股: 关于对全资子公司减资的公告