Xin Lang Cai Jing·2025-11-29 01:17Core Viewpoint - The company, Dongfang Precision (002611), plans to sell 100% equity of its corrugated cardboard production line business, including the Italian Fosber Group, for a cash transaction amounting to €774 million, marking a significant increase in asset value since its acquisition [1][3][6]. Group 1: Transaction Details - The transaction involves the sale of Fosber S.p.A. and its subsidiaries, Fosber Asia, and Tiruña Asia, with a core asset price of €637 million, which is over seven times the initial acquisition cost of approximately €74 million [2][6]. - The assets being sold represent 39.66% of the company's total assets, 30.23% of net assets, and 30.23% of operating income for 2024, indicating a major asset restructuring [3][4]. Group 2: Strategic Rationale - The decision to sell is part of a strategic shift to optimize resource allocation and focus on domestic development in technology and new productivity sectors, responding to national strategic directives [7][8]. - The company aims to enhance its competitive advantage in strategic emerging industries, particularly in the marine power equipment sector, which has a global market size exceeding ¥100 billion [8]. Group 3: Future Outlook - Post-transaction, the company will retain significant operations in printing packaging, marine power equipment, industrial internet solutions, and digital printing equipment, ensuring stable revenue and profit growth [9]. - The company plans to increase R&D investment in high-power outboard motors and electric outboard motors, aiming to upgrade its product offerings towards higher efficiency and lower emissions [8].