Core Viewpoint - The company, Baikin Oilfield Services (02178), has entered into agreements for the sale and purchase of oilfield equipment, which aims to enhance operational efficiency and competitiveness in the industry [1] Group 1: Equipment Sale and Purchase - On January 19, 2026, Baikin Technology, a wholly-owned subsidiary of the company, signed a sales agreement to sell 15 existing fracturing trucks and 2 existing instrument trucks for a total consideration of RMB 85.5 million (approximately HKD 95.04 million), including tax [1] - On the same date, Baikin Technology entered into a purchase agreement to acquire 15 new fracturing trucks and 2 new instrument skids for a total consideration of RMB 124 million (approximately HKD 138 million), including tax [1] - The parties also established a set-off agreement, allowing the total consideration from the sale of existing equipment to offset the payable amount for the new equipment, resulting in a net payment of RMB 38.5 million (approximately HKD 42.8 million) to be paid in installments [1] Group 2: Strategic Implications - The transactions are expected to upgrade the company's production equipment, improve operational efficiency, better meet customer demands, enhance competitiveness, and improve service quality while complying with elevated industry standards and requirements [1]
百勤油服：百勤技术向供应商出售现有设备并购买新设备