Core Viewpoint - The company, Zhengtong Automobile, has announced the sale of its subsidiary, Shenzhen Huianqi, for approximately RMB 803 million, aiming to focus on its core automotive sales and related businesses amidst challenges in the traditional automotive dealership industry [1]. Group 1: Transaction Details - The transaction involves the sale of 100% equity of Shenzhen Huianqi, which includes a property located in Shenzhen, China [1]. - The buyer, Information Xinda, has agreed to assume related debts as part of the acquisition [1]. - The sale price is set at approximately RMB 803 million, to be paid via bank transfer [1]. Group 2: Strategic Focus - The company is committed to concentrating on automotive sales and related derivative businesses, having made significant efforts in the transformation towards new energy vehicles and international expansion [1]. - Property development is no longer a priority for the company, especially given the ongoing challenges in the traditional automotive dealership sector [1]. Group 3: Financial Implications - The sale is expected to improve the company's capital and debt structure, alleviating financial burdens associated with further development costs of the Shenzhen property [1]. - This transaction will allow the company to focus resources on the transformation, upgrading, and sustainable development of its automotive-related businesses [1]. - Management will be able to dedicate more time and energy to the core business operations following the sale [1].
正通汽车(01728.HK)拟出售深圳汇安启100%股权 聚焦汽车主业转型