Core Viewpoint - Tianjin Development (00882) announced the sale of 100% equity in Baili Financing Leasing for RMB 265 million (approximately HKD 294 million) to Tianjin State-owned Capital Investment Operation Co., Ltd. This move aligns with the company's strategy to focus on core business operations and improve asset efficiency [1]. Group 1: Transaction Details - The seller, Tianjin Taikang Investment Co., Ltd., holds an 82.74% stake in the subsidiary Baili Financing Leasing, which primarily engages in financing leasing, leasing business, and related consulting services [1]. - The transaction price for the equity transfer is RMB 265 million, equivalent to about HKD 294 million [1]. Group 2: Strategic Rationale - The sale is part of a broader strategy to concentrate resources on core business areas by gradually reducing investments in non-core operations [1]. - Baili Financing Leasing's focus on financing leasing is deemed non-core and lacks significant synergy with the group's main business [1]. - The board believes that this divestment will enhance operational efficiency, optimize resource allocation, and strengthen cash flow for the group [1].
天津发展(00882)附属拟2.65亿元出售百利融资租赁全部权益