Jereh Group(SZ:002353) Shang Hai Zheng Quan Bao·2025-11-21 18:40Core Viewpoint - The company, Yantai Jereh Petroleum Service Group Co., Ltd., is progressing with the sale of its subsidiary, Jereh Energy Services Co., Ltd., which involves transferring 100% equity of the subsidiary, LLC Light Energy, to Ordos Anying New Energy Development Co., Ltd. [2][3] Transaction Overview - The board of directors approved the proposal to sell the subsidiary's equity on November 10, 2025, and a share transfer agreement was signed with the buyer [3][4] - The estimated transfer price is based on the net asset value of the target company as of December 31, 2025, estimated at 420.16 million RMB [3][8] - The final transaction amount will be determined by the audited net asset value, with adjustments made during the third payment [3][8] Buyer Information - The buyer, Ordos Anying New Energy Development Co., Ltd., was established on November 22, 2024, with a registered capital of 100,000 RMB [5] - The company is wholly owned by Wanjigroup, which is not a dishonest executor [5][6] Target Company Information - The target company is LLC Light Energy, and further details are available in the company's disclosures [7] Share Transfer Agreement Details - The agreement stipulates that the transfer price is based on the target company's net asset value as of December 31, 2025, with an initial payment of 150 million RMB already received [9][8] - The agreement will take effect upon signing and stamping by all parties [10] - The management and risk transfer will occur on the substantive delivery date of December 31, 2025 [11] Financial Obligations - The target company owes the parent company and its affiliates a total of 270.0057 million RMB in contractual payments, which will remain the responsibility of the target company post-transfer [12][14] - The target company also has a loan obligation of 30 million rubles, which must be repaid before the substantive delivery date [12][14] Transaction Purpose and Impact - The sale is aimed at ensuring the company's operations are legal and compliant, and it is not expected to affect the company's normal operations or harm shareholder interests [16] - Post-transaction, the target company will no longer be included in the company's consolidated financial statements [16] - The buyer has a good financial standing and cash flow, indicating a low risk of default [16]