Core Viewpoint - Shenzhen Holdings (00604) announced a conditional share transfer agreement where its wholly-owned subsidiary, Shenye Pengji, will sell a 70% stake in Crystal Electronics to Shahe Industrial for a total cash consideration of RMB 274 million, marking a strategic shift towards becoming a real estate asset management and comprehensive operation service provider [1] Group 1: Transaction Details - The transaction involves Shenye Pengji agreeing to sell its 70% stake in Crystal Electronics for RMB 274 million [1] - Post-completion of the transaction, Shenye Pengji will no longer hold any equity in Crystal Electronics, which will cease to be a subsidiary of the company [1] - The financial performance of Crystal Electronics will no longer be consolidated into the financial statements of Shenzhen Holdings [1] Group 2: Strategic Implications - The transaction aligns with the company's strategy to transform into a real estate asset management and operation service provider, as Crystal Electronics operates in the advanced manufacturing sector, specifically in IoT smart display controllers and LCD devices, which is less relevant to the company's future focus [1] - The company has been actively exploring ways to realize the intrinsic value of Crystal Electronics through capital markets [1] - This transaction is expected to enhance the market value of Crystal Electronics and further optimize the overall business structure of Shenzhen Holdings, allowing the company to concentrate resources on core business development and accelerate its strategic transition to a light asset, service-oriented business model [1]
深圳控股以2.74亿元出售晶华电子70%股权 进一步集中资源发展核心业务