Core Viewpoint - The company *ST Chuangxing plans to transfer 100% equity of its subsidiary Shanghai Xiding Construction Co., Ltd. to revitalize assets and supplement liquidity, despite internal dissent regarding the timing of the sale [1][4]. Group 1: Company Actions - The company announced the intention to transfer the equity of Xiding Construction to improve asset liquidity and align with long-term planning [1][4]. - The board member Tong Xin opposed the sale, suggesting that the construction business should mature before divesting subsidiary equity [1][4]. - The company also approved a capital increase for its subsidiaries, totaling 23.68 million yuan, to support another subsidiary, Ningbo Yuyi Construction Co., Ltd. [5][6]. Group 2: Financial Performance - Xiding Construction has reported continuous losses, with a net profit loss of 56.63 million yuan in 2024 and zero revenue in the first half of the current year [3]. - The company’s financial assessment of Xiding Construction used the asset-based approach due to the inability to apply income or market methods, with the assessed value set at 30.84 million yuan [3]. - The company’s first-quarter report indicated a significant revenue decline of 97.83% year-on-year, with a net loss of 5.29 million yuan [7]. Group 3: Market Context - The poor performance of Xiding Construction is attributed to a sluggish domestic real estate market, leading to unpredictable future operations [3]. - The newly established subsidiary, Yuyi Construction, has not generated any revenue or profit since its inception, indicating potential challenges ahead [5][6].
*ST创兴易主后拟转让喜鼎建设100%股权 有董事“暂投反对票”