Group 1 - The company, China Textile Holdings (03778), has announced a sale agreement for assets located in Jiangxi Province, with a cash consideration of RMB 45.0272 million [1] - The target assets include 8 plots of land totaling 215.8 acres (approximately 143,867 square meters) and buildings with a total floor area of about 37,074 square meters, which were previously used for short fiber manufacturing [1] - The short fiber manufacturing department, which the target assets were primarily associated with, ceased operations in 2022, and since then, the assets have contributed limited value to the yarn manufacturing business [2] Group 2 - The company expects to realize a net book gain of approximately RMB 4 million from the sale, although the actual amount will be confirmed after review by the company's auditors [2] - The net proceeds from the sale are anticipated to be used for the company's general working capital [2] - The board believes that the sale represents an opportunity to realize the value of the target assets and reallocate financial resources to the company's core business [2]
中国织材控股拟4502.72万元出售短纤制造部门的主要资产