Core Viewpoint - The company, Xingye Holdings, has agreed to sell a 31% stake in Guangdong Nanhong Explosive 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 Tianuo Investment, a subsidiary of Xingye Holdings, selling its entire 31% stake in Guangdong Nanhong Explosive Co., Ltd. to Hongda Mining [1] - The sale price is approximately RMB 106 million [1] Group 2: Strategic Implications - 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 target company will benefit from Hongda Mining's ability to market and distribute its products, thereby expanding existing sales channels [1] Group 3: Financial Impact - The transaction is anticipated to optimize the company's asset structure and improve overall profitability [1] - Proceeds from the sale will be used to supplement the company's general working capital, aligning with its overall development interests [1]
兴业控股(00132)附属拟约1.06亿元出售广东南虹民爆有限公司31%股权