Core Viewpoint - The company announced a share sale agreement where Tian Nuo Investment, a subsidiary, will sell a 31% stake in Guangdong Nan Hong Mining Explosives Co., Ltd. to Hongda Mining Explosives for RMB 105 million (approximately HKD 115 million) [1] Group 1: Transaction Details - The transaction will reduce Tian Nuo Investment's ownership in the target company from 100% to 69% [1] - The target company will remain a subsidiary of the group, and its financial performance will continue to be consolidated into the group's financial results post-transaction [1] Group 2: Strategic Benefits - The sale aims to expand the target company's equity base and gain support from Hongda Mining Explosives to fully release the target company's civil explosive production capacity [1] - Guangdong Nan Hong Mining Explosives will leverage Hongda Mining Explosives' industry influence and product marketing capabilities to enhance existing sales channels [1] - The transaction is expected to optimize the company's asset structure and improve overall profitability, with proceeds used to supplement general working capital, aligning with the company's overall development interests [1] Group 3: Fairness and Compliance - The board believes that the transaction is conducted on normal commercial terms, is fair and reasonable, and aligns with the overall interests of the group and its shareholders [1]
兴业控股(00132.HK)附属拟出售广东南虹民爆31%股权 售价1.05亿元