MFSP(SH:600235) Shang Hai Zheng Quan Bao·2025-11-19 18:09Core Viewpoint - Minfeng Special Paper Co., Ltd. is proceeding with the public auction of unused equipment from its Nanhu plant, initially set at a valuation of RMB 174,651,109.00, which has been adjusted to RMB 169,968,254.00 after excluding certain equipment. The first auction was unsuccessful, leading to a second auction with a 10% price reduction to RMB 152,971,428.60 [2][3][4] Group 1: Transaction Overview - The company held board meetings on September 29, 2025, and October 15, 2025, to approve the sale of unused equipment from the Nanhu plant to enhance asset liquidity and operational efficiency [3][13] - The initial auction price was set at RMB 174,651,109.00, later adjusted to RMB 169,968,254.00 after removing specific equipment [2][14] - The first auction period ran from October 17, 2025, to November 17, 2025, but resulted in no interested buyers, leading to a failed auction [3][14] Group 2: Subsequent Arrangements - On November 19, 2025, the board approved a second public auction with a 10% price reduction from the adjusted price, setting the new auction price at RMB 152,971,428.60 [4][14] - The second auction will proceed without requiring further shareholder approval, as it was authorized by the board [4][14] Group 3: Management Changes - The company announced the resignation of General Manager Cao Jihua on November 18, 2025, due to work reasons, while he will continue to serve as a board member and chairman [16][17] - The board appointed Han Jiyou as the new General Manager, effective immediately, with a term lasting until the end of the current board's tenure [17][18]