Ye Chiu Resources(SH:601388) Shang Hai Zheng Quan Bao·2026-01-15 18:05Core Viewpoint - The company is selling a piece of land and associated assets in Malaysia for a total of 16.5 million Malaysian Ringgit (approximately 28.51 million RMB) to optimize its asset structure and improve overall efficiency [2][3]. Transaction Overview - The company’s wholly-owned subsidiary, YE CHIU METAL SMELTING SDN. BHD. (YCPG), is selling approximately 1.214 hectares (about 18.21 acres) of land located in Johor Bahru, Malaysia, along with buildings and fixed facilities [2][3]. - The transaction has been approved by the company's board and audit committee and does not constitute a related party transaction or a major asset restructuring [2][4]. Rationale for the Sale - The sale is part of the company's strategy to optimize its asset structure and enhance overall efficiency, as the new aluminum alloy ingot expansion project has been completed and is gradually releasing capacity [3][10]. - The new project employs advanced technology and smart equipment, significantly outperforming YCPG in terms of recovery rates, product quality, production efficiency, and energy consumption [3]. Buyer Information - The buyer, ACACIA MOTOR SERVICES SDN. BHD., has no related party relationships with the company, ensuring a low-risk transaction [6]. - The assets being sold are free from any encumbrances, legal disputes, or third-party rights, ensuring clear ownership [6][10]. Financial Details - The total transaction amount is 16.5 million Malaysian Ringgit (approximately 28.51 million RMB), with a 10% deposit due upon signing and the remaining 90% payable within three months after relevant approvals [9]. - The pricing was determined through friendly negotiations based on market and book values, ensuring no harm to the company's or shareholders' interests [7][10]. Impact on the Company - The transaction is expected to enhance the company's asset utilization and liquidity, aligning with its long-term development strategy without affecting normal operations or requiring personnel adjustments [10].