智通财经网·2025-08-15 13:09Core Viewpoint - ST Jinggu (600265.SH) is divesting its 51% stake in Huiyin Wood Industry to alleviate operational burdens and enhance long-term development due to ongoing poor performance since 2024 and continued risks in 2025 [1] Group 1 - The transaction aims to separate underperforming assets from the company to reduce financial pressure and promote healthy growth [1] - The stake will be transferred to the controlling shareholder, Chow Tai Fook Investment Co., Ltd., or its designated affiliates, with specific details to be negotiated further [1] - The transaction is expected to be classified as a major asset restructuring under the regulations, without changing the controlling shareholder or actual controller [1] Group 2 - The divestment will allow the company to isolate debts, lawsuits, and operational risks associated with Huiyin Wood Industry [1] - Post-transaction, the company anticipates optimizing its asset structure and improving its financial condition [1] - The cash settlement method will not affect the company's equity structure, and it is expected to lower the debt-to-asset ratio and enhance ongoing operational capabilities, thereby protecting investor interests [1]