Core Viewpoint - Huayin International Holdings (00989) plans to sell its entire stake in Huayin International (Dunhua) Co., Ltd. to Changchun Nabaili Trading Co., Ltd. for RMB 1.0, as part of a strategic decision to divest from unprofitable projects [1] Group 1 - The subsidiary involved in the sale is Jilin Province Rongyu Investment Co., Ltd., which holds a 60% stake in Huayin Zixia and a 100% stake in Huayin Zixiangmen, the latter currently having no business activities [1] - The company has two property projects under preparation in Dunhua, Jilin Province: a residential project and a comprehensive cultural tourism project [1] - Recent management reassessment indicates that both projects are unprofitable and the required capital and development expenditures do not align with the company's financial situation [1] Group 2 - The board believes that the sale is beneficial and appropriate for the overall group [1]
华音国际控股(00989)拟1元出售华音国际控股(敦化)有限公司全部股权