Ninestar(SZ:002180) Ju Chao Zi Xun·2025-07-02 03:15Transaction Overview - Nasda announced the successful completion of a major asset sale on July 1, 2025, marking a significant step in optimizing its asset structure and focusing on core business [3][6] - The buyer, Xerox Corporation, has transferred an estimated transaction price of $90.057206 million to a designated account on the closing date [3][6] Background and Process - On December 23, 2024, Nasda approved the sale of Lexmark International II, LLC, a subsidiary of Ninestar Group Company Limited, to the buyer [5] - Subsequent meetings were held on March 26 and May 19, 2025, to review and approve the major asset sale proposal and related documents [5] - The company responded to an inquiry from the Shenzhen Stock Exchange on June 19, 2025, and revised the report accordingly [5] Closing Details - The closing of the asset sale was completed on July 1, 2025, with an estimated transaction price of $90.057206 million [6] - The buyer has paid $60.057206 million to the bank account of the Cayman subsidiary and an additional $30 million to an escrow account as per the purchase agreement [6]