FASTEN(SZ:000890) Ge Long Hui A P P·2025-10-22 15:13Core Viewpoint - The company has signed a memorandum of understanding with BEKAERT STEEL CORD PRODUCTS HONG KONG LIMITED to transfer a 10% stake in China Bekaert Steel Cord Co., Ltd for cash, marking a strategic move to divest from traditional business operations and improve asset liquidity [1] Group 1: Company Strategy - The transaction will result in the company no longer holding any equity in Bekaert Steel Cord, aligning with its strategy to gradually divest from traditional business sectors [1] - The company's main business includes metal products and environmental protection, with a focus on producing and selling various steel wire products [1] - The divestment is aimed at providing financial support for the company's main business development and enhancing its operational sustainability [1] Group 2: Business Operations - Bekaert Steel Cord primarily engages in the production of reinforced steel wire products such as tire cord steel and hose steel [1] - The company's metal products business is considered relatively traditional and not aligned with its future strategic direction [1] - The transaction is expected to facilitate resource integration and improve the company's asset liquidity [1]