FASTEN(SZ:000890) Zhi Tong Cai Jing·2025-10-22 12:50Core Viewpoint - The company, Farsen (000890.SZ), has signed a memorandum of understanding with BEKAERT STEEL CORD PRODUCTS HONGKONG LIMITED to transfer a 10% stake in China BeKaert Steel Cord Co., Ltd. for cash, marking a significant asset restructuring move [1] Group 1: Transaction Details - The transaction will result in the company no longer holding any equity in BeKaert Steel Cord after completion [1] - The transaction price 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] - This transaction constitutes a major asset restructuring for the company [1] Group 2: Business Strategy - The company's main business includes metal products and environmental protection, with metal products focusing on the production and sale of various steel wire products [1] - BeKaert Steel Cord primarily engages in the production of reinforced steel wire products such as tire steel wire and hose steel wire [1] - The metal products business is considered traditional and not aligned with the company's future strategic direction, making this transaction a step towards gradually divesting traditional business operations [1] - The transaction aims to improve asset liquidity, provide financial support for the company's main business development, and enhance sustainable operational capabilities [1]