Group 1 - The company, Emperor Industrial Holdings (01950), has entered into a second sale agreement with BlueOcean Investment (Global) Ltd to sell 24% of its stake in Darkblue Investment Ltd for a purchase price of RMB 29.86 million, to be paid in cash installments [1] - Following the completion of the second sale, the company will hold 51% of Darkblue Investment Ltd, while the buyer will hold 49%, allowing the target company to remain a subsidiary of the company [1] - The proceeds from the second sale are expected to be used for debt repayment, investment in new opportunities, and general working capital needs [1] Group 2 - Mr. Cao, the ultimate beneficial owner of the buyer, has over 20 years of experience in the artificial leather industry and is expected to enhance the group's sales and foreign trade market for artificial leather [2] - The second sale is anticipated to improve the group's liquidity, increase working capital, and strengthen its overall financial position [2] - The company plans to allocate more resources to its profitable liquor business and is considering a transition to a light asset business model, focusing on synthetic leather chemical product trading [2]
帝王实业控股(01950)拟2986万元出售Darkblue Investment Ltd.24%股权