Hua Er Jie Jian Wen·2025-10-31 11:40Transaction Overview - Taiping Life (a subsidiary of China Taiping) signed an agreement with China Railway Construction Corporation on October 31, 2025, to sell all minority stakes in four target companies for a total price of RMB 6.5 billion [1] - The equity transfer includes 7.47% of China Railway Construction Investment (RMB 1.891 billion), 17.27% of China Railway Kunlun (RMB 1.773 billion), 10.86% of China Railway Eleventh Bureau (RMB 1.655 billion), and 8.49% of China Railway Construction (RMB 1.182 billion) [1] Financial Impact - The group is expected to recognize a profit of approximately RMB 300 million from the transaction, and after completion, Taiping Life will no longer hold equity in the aforementioned companies, with proceeds allocated for general working capital [2] Target Companies' Financials - The combined net assets of the target companies are approximately RMB 98.49 billion for 2024, with operating profits of RMB 11.11 billion and RMB 5.55 billion for 2023 and 2024, respectively [3] Transaction Completion - The transaction has met all preconditions and has been completed, in compliance with the disclosure standards required by listing rules [4]