Zheng Quan Shi Bao Wang·2025-08-27 14:08Core Viewpoint - The transaction involves the transfer of 100% equity of Taiziwan Commercial Storage Co., Ltd. from China Merchants Shekou to China Merchants Energy for approximately RMB 716 million, which is classified as a related party transaction but not a major asset restructuring [1][2]. Group 1: Transaction Details - The equity transfer price is based on the asset-based valuation method, which determined the total equity value of Taiziwan Commercial Storage at RMB 716 million [2]. - The payment for the equity transfer will be made in three installments: 40% (RMB 286 million) upon signing the agreement, 50% (RMB 358 million) within 10 working days after signing the delivery confirmation, and 10% (RMB 71.55 million) within four months after signing the delivery confirmation [2]. Group 2: Financial Performance - As of June 30, 2025, Taiziwan Commercial Storage reported total assets of RMB 339 million and net assets of RMB 135 million [1]. - For the first half of 2025, the company generated revenue of RMB 15 million and reported a net profit attributable to the parent of -RMB 1.12 million, with a net cash flow from operating activities of RMB 12 million [1]. Group 3: Future Cooperation and Strategic Intent - Post-transaction, existing leases for office space in the China Merchants Yiju Building will be retained, with provisions for potential adjustments communicated in advance [3]. - China Merchants Shekou will continue to provide property management services for the building, ensuring operational continuity [3]. - The strategic intent behind this transaction is to enhance the industrial cluster and economic vitality of the Shenzhen Taiziwan area by leveraging synergies between the two companies [3].