卡友支付遭海航商业控股转让全部股权，支付业务仍未恢复

Core Viewpoint - HNA Commercial Holdings plans to transfer its 23.52% stake in Card Friend Payment Service Co., Ltd, marking another step in HNA Group's divestment of payment licenses amid ongoing challenges in the payment industry [1][4]. Group 1: Share Transfer Details - The public recruitment for potential investors will take place from December 1 to December 31, 2025, with requirements for investors to have sufficient financial strength and a clean legal record [3]. - Card Friend Payment's main business is card acquiring, covering regions such as Tianjin, Shandong, and Beijing, with its license valid until June 26, 2027 [3][9]. - The transfer of the 23.52% stake follows HNA Group's previous divestments, leaving only Easy Payment Co., Ltd as its remaining payment entity [5]. Group 2: Challenges and Market Conditions - Card Friend Payment has faced significant operational challenges, including a suspension of its payment services since September 2024 due to management adjustments [6][10]. - The payment industry is experiencing stringent regulations and shrinking profit margins, which complicates the potential for attracting buyers for Card Friend Payment [5][10]. - The market for payment licenses has seen a decline in value, making it difficult for Card Friend Payment to assess its license's worth and sustainability [10][11]. Group 3: Historical Context and Legal Issues - Card Friend Payment's ownership has changed multiple times over the past decade, with previous attempts to transfer ownership facing regulatory hurdles and legal disputes [6][8]. - The company has been penalized for various regulatory violations, which has further impacted its operational capabilities and market perception [10]. Group 4: Strategic Recommendations - Analysts suggest that Card Friend Payment should seek strategic investors with real industry scenarios and compliance capabilities rather than financial speculators [11].