000890，重大资产重组，拟出售资产

Core Viewpoint - The company Falsheng plans to transfer 10% equity of Beikaert Steel Cord (China) Co., Ltd. to BEKAERT STEEL CORD PRODUCTS HONG KONG LIMITED for cash, marking a significant asset restructuring move [2][3]. Group 1: Transaction Details - The transaction will result in Falsheng no longer holding any equity in Beikaert Steel Cord, which will then be fully owned by the Hong Kong entity [2]. - Prior to the transaction, BEKAERT STEEL CORD PRODUCTS HONG KONG LIMITED held 90% of Beikaert Steel Cord, and after the transaction, it will hold 100% [2]. - The projected revenue for Beikaert Steel Cord in 2024 is 1.588 billion yuan, while Falsheng's revenue is projected at 312 million yuan, with the 10% equity representing 50.85% of Falsheng's revenue [2]. Group 2: Strategic Implications - The transaction aligns with Falsheng's strategy to gradually divest from traditional metal products business, improving asset liquidity and providing funding for its main business development [3]. - The move is also a response to Beikaert's strategic adjustment to operate independently, which supports Falsheng's objective of resource integration and maintaining shareholder interests [3]. - Post-transaction, Falsheng expects a significant reduction in other equity investments and an increase in cash reserves, which will be used to pay off debts and enhance operational liquidity [4]. Group 3: Future Plans - The parties aim to sign a formal equity transfer agreement by the end of November 2025 and complete the transaction by the end of December 2025 [4].