Core Viewpoint - Guangzhou Rural Commercial Bank has completed the sale of assets to Guangzhou Asset Management Co., Ltd. for a total consideration of RMB 12.25 billion, with a structured payment plan in place [1] Group 1: Transaction Details - The transaction was completed on November 29, 2025, with the total consideration being RMB 12.25 billion [1] - The buyer has paid 30% of the transfer price, amounting to RMB 3.675 billion, with the remaining 70% to be paid in nine equal installments from 2026 to 2034 [1] - The payment schedule was determined considering factors such as the expected recovery time of the sold assets, the nature of the assets, and the buyer's default risk [1] Group 2: Asset Characteristics - The sold assets are primarily low-yield assets, and despite the installment payment structure, they were sold at a price slightly above their book value [1] - A one-time payment or shorter payment schedule would have required the bank to offer a larger discount on the price [1] Group 3: Risk Management - The buyer has a history of no defaults or overdue payments in previous transactions involving non-performing assets with the bank, indicating that the default risk is considered manageable [1] - The bank's liquidity needs were also a factor in determining the payment arrangement [1]
广州农商银行(01551.HK)完成向广州资产管理出售低效益资产 总代价122.5亿元