Core Viewpoint - Zhuangshi China (00298.HK) has announced a debt transfer agreement that allows the company to convert a high-risk, illiquid asset into immediate cash, thereby improving its financial position and focusing on core business activities [1] Debt Transfer Details - The debt being transferred amounts to approximately RMB 152,500,000, which includes investment costs, rent, and loans, with accrued interest and other costs [1] - As of the announcement date, approximately RMB 15,400,000 has already been recovered from the debt [1] - The final amount of the debt will be subject to further interest accrual until the actual repayment date by the debtor [1] Financial Implications - The transfer price of RMB 95,000,000 was determined through fair negotiation, considering the prospects of recovering the debt and associated risks [1] - This transaction allows Zhuangshi China to reduce legal and execution risks while enhancing its financial health [1] - The board of Zhuangshi China believes that the terms of the debt transfer agreement are fair and reasonable, aligning with the overall best interests of the company and its shareholders [1]
庄士中国(00298.HK)订立债权转让合同