Core Viewpoint - Ningbo Fubang plans to sell 2.5% equity in Ningbo Zhonghua Paper Co., Ltd. for 370 million yuan, aiming to enhance asset utilization and accelerate capital recovery [1][2] Group 1: Transaction Details - The transaction price of 370 million yuan represents a premium of approximately 20.13% over the estimated fair value of 308 million yuan for the equity stake [1] - The equity transfer agreement was signed on December 1, following the receipt of a 50 million yuan deposit from the buyer, Gold East Paper (China) Investment Co., Ltd. [1] - The transaction is subject to approval by Ningbo Fubang's shareholders [3] Group 2: Financial Impact - The sale is expected to generate a pre-tax profit of approximately 62 million yuan for Ningbo Fubang, with the final amount subject to audit results [2] - In 2024, Ningbo Fubang's net profit reached 16.14 million yuan, a year-on-year increase of 298.79%, driven by rising silver prices and improved profitability in its electrical contact products [3] Group 3: Company Background - Ningbo Fubang primarily engages in the processing and sales of non-ferrous metal materials, with a focus on electrical contact products and aluminum profile processing [3] - Gold East Paper is a leading company in the domestic paper industry, with total assets of 229.13 billion yuan and a net profit of 3.24 billion yuan in 2024 [2] - Gold East Paper already held 68% of Zhonghua Paper before this acquisition, which will further strengthen its control over the company [2]
宁波富邦出清中华纸业股权 金光纸业3.7亿元受让2.5%股份