Core Viewpoint - CIFI Holdings Group (00884) has announced a share transfer agreement involving the sale and purchase of equity stakes, aimed at optimizing resource allocation and enhancing liquidity in response to challenges in the Chinese real estate market [1] Group 1: Transaction Details - The group has entered into a sale agreement where Beijing CIFI (a subsidiary) conditionally agrees to sell 100% equity of Tianjin and New to Shenzhen Shengjun for a total consideration of RMB 302 million [1] - Concurrently, a purchase agreement has been established where Shenzhen Shengjun conditionally agrees to sell 50% equity of Ningbo Haishu Xingli to Ningbo CIFI (a subsidiary) for the same total consideration of RMB 302 million [1] - The consideration payable by Shenzhen Shengjun to Beijing CIFI will offset the amount payable by Ningbo CIFI to Shenzhen Shengjun under the respective agreements [1] Group 2: Market Context and Strategic Response - The Chinese real estate market is currently facing unprecedented challenges, with developers experiencing significant liquidity pressures [1] - The board believes that enhancing resource efficiency, improving liquidity, and reducing debt are critical strategies for the industry to navigate the crisis [1] - The board is confident that the transaction will assist the group in optimizing resource allocation and focusing on key development areas, thereby improving the group's liquidity [1]
旭辉控股集团：拟出售天津和新100%股权及收购宁波海曙兴礼50%股权