Core Viewpoint - The company, Xingye Holdings, has entered into a property transaction agreement to sell a 31% stake in Guangdong Nanhong Explosives Co., Ltd. to Hongda Mining for approximately RMB 106 million, aiming to enhance the target company's capital base and operational capacity in the civil explosives sector [1]. Group 1: Transaction Details - The transaction involves the sale of a 31% equity stake in Guangdong Nanhong Explosives Co., Ltd. by Tian Nuo Investment, a subsidiary of Xingye Holdings [1]. - The sale price for the stake is approximately RMB 106 million [1]. - Prior to the transaction, Tian Nuo Investment held 100% of the equity in the target company [1]. Group 2: Strategic Benefits - The sale is expected to broaden the equity base of the target company and leverage Hongda Mining's industry influence to enhance the production capacity of civil explosives [1]. - The partnership with Hongda Mining will facilitate the expansion of existing sales channels through its ability to market the target company's products [1]. - The transaction will optimize the company's asset structure and improve overall profitability, with proceeds being used to supplement general working capital [1].
兴业控股附属拟约1.06亿元出售广东南虹民爆有限公司31%股权