Group 1 - The core point of the news is that Huayin International Holdings plans to sell its entire stake in several real estate companies to Baishan Shengda Commercial Co., Ltd. for a nominal price of RMB 1.0, as part of a strategy to reduce debt and improve financial stability [1][3]. - The targeted companies hold investment properties, including the Guoze International Shopping Center, with a total asset value of approximately RMB 417.9 million as of March 31, 2025 [1]. - The Guoze International Shopping Center has seen a significant decline in fair value, dropping to approximately RMB 217 million, resulting in a loss of about RMB 361.9 million compared to its original construction cost of RMB 578.9 million [2]. Group 2 - The management has conducted a substantial review of the project portfolio due to the group's high leverage and negative net asset situation, deciding to divest any projects that are loss-making or require significant development expenditure [2]. - The sale is expected to provide an opportunity for the group to reduce its overall debt, thereby lowering the risk of liquidity issues and enhancing long-term financial health and financing capabilities [3].
华音国际控股(00989)拟出售广泽国际购物中心、广泽兰亭楼及广泽红府物业以减少债务