FASTEN(SZ:000890) 智通财经网·2025-10-22 12:48Core Viewpoint - The company, Far East Holdings International Limited, has signed a memorandum of understanding to transfer a 10% stake in its subsidiary, China Bekaert Steel Cord Co., Ltd., to Bekaert Steel Cord Products Hong Kong Limited, marking a significant asset restructuring move [1] Group 1: Transaction Details - The transaction will be executed in cash and will result in the company no longer holding any equity in Bekaert Steel Cord [1] - The pricing of the transaction will be based on an asset appraisal report from a qualified asset evaluation agency, with the final agreement to be negotiated between the parties [1] Group 2: Business Strategy - The company's main business includes metal products and environmental protection, with a focus on producing and selling various steel wire products [1] - The metal products business is considered traditional and not aligned with the company's future strategic direction, making this transaction a step towards divesting from traditional operations [1] - The transaction aims to improve asset liquidity, provide financial support for the company's main business development, and enhance operational sustainability through resource integration [1]