Core Viewpoint - Sanai Health Group (01889) has entered into a share transfer agreement to sell 99% of its equity in Luan Nan Hang Yang Health Industry Co., Ltd. for approximately RMB 18.69 million, which will be settled in cash [1][2] Group 1 - The seller, Beijing Hang Yang Health Technology Co., Ltd., a non-wholly owned subsidiary of the company, has agreed to sell its stake in the target company [1] - The target company, established in January 2018, has not commenced operations and holds a land parcel of approximately 67,000 square meters in Luan Nan, China [1] - The board believes that continuing to hold the stake may not yield the best returns for shareholders, and the sale is seen as an ideal opportunity to generate additional cash flow [1] Group 2 - The estimated net proceeds from the sale, after deducting related expenses, are approximately RMB 18.68 million, which the company plans to use for general working capital and other business development [2] - The completion of the sale is expected to improve the group's liquidity position and strengthen its financial status, allowing the company to focus on its core business [2]
三爱健康集团(01889)附属拟1869万元出售滦南航洋健康产业99%股权