本次交易完成后，公司对医疗器械产业公司的持股比例将由51.37%降至 4.37%，不再将医疗器械产业公 司纳入合并报表范围。本次交易尚未签署协议。 近日，苏州高新（600736）技术产业股份有限公司发布公告称，公司拟向苏州高新区国有资本控股集团 有限公司（以下简称"苏高新国控"）出售苏州医疗器械产业发展集团有限公司（以下简称"医疗器械产 业公司"）47%股权，交易价格为60,444.14万元。 ...

自公司收购医疗器械产业公司以来，江苏医疗器械科技产业园(Medpark)建成载体的规模持续扩大，投 资性房地产摊销随之增加，受医疗器械行业及资本市场周期性影响，医疗器械产业公司经营业绩不及预 期，本次股权出售将减少对公司报表的影响，提升公司整体盈利能力，符合公司及全体股东的利益。 智通财经APP讯，苏州高新(600736.SH)发布公告，公司拟向苏州高新区国有资本控股集团有限公司(简 称"苏高新国控")出售苏州医疗器械产业发展集团有限公司(简称"医疗器械产业公司")47%股权，交易价 格为6.04亿元。 ...

Core Viewpoint - Anyang Steel (600569.SH) plans to sell its entire equity stake in Yongtong Company and Yuhe Company to its controlling shareholder, Angang Group, for a total consideration based on the final valuation from accounting and asset appraisal reports, amounting to RMB 9.55 billion for total equity and RMB 8.37 billion for the stake being sold [1] Group 1 - The transaction will be executed in cash [1] - The company will no longer hold any equity in Yongtong Company and Yuhe Company after the completion of this transaction [1] - The equity transfer price is determined based on the company's shareholding ratio [1]

Core Viewpoint - New Silk Road Cultural Tourism (00472) announced the sale of 914 million shares, representing approximately 28.50% of its issued share capital, to China Agricultural Products Co., Ltd. for a cash consideration of about HKD 149 million, equivalent to HKD 0.163 per share, with the transaction expected to complete within 30 days from the signing of the sale agreement [1][2]. Group 1 - The sale agreement was established between New Silk Road's controlling shareholder, Xinhua Lian International, and China Agricultural Products, which has not commenced operations and is fully owned by Shouguang Vegetable Research and Development in the Field of Basic and Advanced Agriculture–L.L.C–O.P.C. [1] - Following the completion of the sale, Yingxin Development's shareholding through Xinhua Lian International will decrease from 1.757 billion shares (approximately 54.79% of the issued share capital) to 843 million shares (approximately 26.29% of the issued share capital), making China Agricultural Products the largest single shareholder of the company [2]. - The board anticipates that the sale will not have any significant adverse impact on the group's daily operations [3].

Core Viewpoint - Starbucks has announced a strategic partnership with Boyu Capital to establish a joint venture for its retail operations in China, indicating a significant shift in its business strategy in the region [2]. Group 1: Strategic Partnership - The joint venture will see Boyu Capital holding up to 60% equity, while Starbucks retains 40% and continues to own the brand and intellectual property [2]. - The enterprise value of the joint venture is approximately $4 billion, excluding cash and debt, with Starbucks expecting the total value of its retail business in China to exceed $13 billion [2]. Group 2: Market Context and Valuation - Rumors of Starbucks selling its China operations have circulated for some time, with estimates of the business's valuation ranging from $5 billion to $6 billion [3]. - Recent reports suggest that Starbucks' valuation in China could reach as high as $10 billion [4]. Group 3: Business Growth and Strategy - Starbucks remains optimistic about growth opportunities in the Chinese market and is focused on revitalizing its business there [5]. - In the fourth quarter, Starbucks opened 183 new stores in China, entering 47 new county-level markets, with a total of 8,011 stores across 1,091 county-level cities by the end of fiscal year 2025 [5].

Core Viewpoint - Starbucks has announced a strategic partnership with Chinese alternative asset management firm Boyu Capital to establish a joint venture for its retail operations in China, indicating a significant shift in its business strategy in the region [1][2]. Group 1: Joint Venture Details - The joint venture will see Boyu holding up to 60% equity, while Starbucks retains 40% and continues to own and license its brand and intellectual property to the new entity [1]. - The enterprise value of the joint venture is approximately $4 billion, excluding cash and debt, with Boyu acquiring corresponding equity [1]. - Starbucks anticipates that the total value of its retail business in China will exceed $13 billion, which includes the value from the equity transfer to Boyu, retained equity in the joint venture, and ongoing licensing revenue over the next decade or longer [1]. Group 2: Market Context and Strategic Moves - Rumors about Starbucks potentially selling its China operations have circulated for some time, with a valuation of $5 to $6 billion reported in June 2024 [2]. - The company is actively seeking strategic partners that share its vision and values, evaluating over 20 interested institutions while aiming to retain a significant portion of its equity in the Chinese market [3]. - In response to intense competition in China, Starbucks has implemented various strategies, including price reductions on non-coffee products and expanding its presence in lower-tier markets [3]. Group 3: Store Expansion and Performance - In the fourth quarter, Starbucks opened 183 new stores in China, entering 47 county-level markets, with a total of 415 net new stores projected for the fiscal year 2025 [4]. - By the end of fiscal year 2025, Starbucks will have opened 8,011 stores across 1,091 county-level cities, with new stores maintaining a high level of profitability and contributing above-average same-store sales [4].

格隆汇10月22日丨中国外运(601598.SH)公布，公司于2025年6月26日召开第四届董事会第十四次会议， 审议通过了《关于出售参股公司部分股权的议案》，同意公司下属公司招商局船务企业有限公司（以下 简称：招商船企）通过境外股权协议转让方式转让所持的路凯国际控股有限公司（以下简称：路凯国 际）25%股权（以下简称：本次交易）的总体方案，包括交易架构、交易对价及交易协议等。 截至2025年10月21日，本次交易交割的先决条件已全部达成，并完成交割，本次交易不会影响公司正常 的经营活动。根据本次交易的代价以及路凯国际2025年9月30日体现在中国外运财务报表的账面价值， 本次交易预计带来投资收益（扣除相关交易费用）约人民币16.5亿元（以中国人民银行2025年10月21日 公布的汇率中间价1美元对7.093人民币计算，不包括税务影响，最终以经审计数据为准）。本次交易 后，招商船企持有路凯国际20%股权，路凯国际继续为中国外运的联营公司。 ...

Core Viewpoint - Jinbei Automobile (600609.SH) plans to transfer 95% equity stake in its subsidiary, Tieling Huachen Rubber & Plastic, through public listing due to the company's financial struggles and the bankruptcy of its major clients [1] Group 1: Company Actions - The company intends to sell its stake in Tieling Huachen Rubber & Plastic, which has a shareholder equity assessment value of -77.3644 million RMB [1] - The initial listing price for the stake will not be less than 1 RMB [1] Group 2: Financial Situation - Tieling Huachen Rubber & Plastic is currently insolvent and unable to turn a profit, prompting the company to take action to prevent state asset loss [1] - The company has been financially supporting Tieling Huachen Rubber & Plastic in recent years to aid its strategic transformation [1] Group 3: Client Impact - The bankruptcy of major clients, Huachen Zhonghua Automobile and Huachen Renault Jinbei Automobile, has significantly impacted Tieling Huachen Rubber & Plastic's operations [1]

Core Viewpoint - China Cultural Tourism Agriculture (00542.HK) announced the sale of a 47% stake in its subsidiary, China Cultural Tourism Group Co., Ltd., to Gaofeng Global Limited for a cash consideration of RMB 140 million, aiming to alleviate financial burdens in the current uncertain economic environment [1] Group 1 - The seller, Fuyuan Cultural Tourism Group Co., Ltd., is a wholly-owned subsidiary of the company [1] - The target company was previously owned 59% by the seller and 41% by the buyer [1] - Upon completion of the sale, the target company will no longer be a subsidiary, and its financial performance will not be consolidated into the group's financial statements [1] Group 2 - The group believes that the sale is beneficial as the target company has not generated profits for the group [1] - The buyer has expressed interest in further acquiring the remaining 47% stake in the target company [1] - The transaction is seen as a strategic move to reduce the group's financial burden amid an unclear economic landscape [1]

Core Viewpoint - DeLi Co., a leading household glass manufacturer, is planning a change in control, which may lead to a shift in its major shareholder and actual controller, as announced on October 8 [1] Company Overview - DeLi Co. was founded in 1996 and specializes in the research and manufacturing of various glass products, including household glass, solar glass, packaging glass, optical glass, heat-resistant appliance glass, and crystal glass [1] - The company is recognized as the largest household glass factory in the Asia-Pacific region and a top manufacturer of glassware in China [1] Financial Performance - Despite achieving double-digit revenue growth annually, DeLi Co. has reported net losses for three consecutive years since 2022, with losses of 110 million yuan, 85.51 million yuan, and 173 million yuan respectively [2] - In the first half of 2025, the company reported revenue of 771 million yuan, a year-on-year decrease of 6%, and a net loss of 45.32 million yuan, a decline of 490.74% [2] - The company attributed its financial struggles to the suspension of production at its subsidiary in Bengbu to mitigate cash flow losses, which affected overall profitability [2] Recent Transactions - In July, DeLi Co. announced the sale of its 100% stake in Fengyang Derui Mining Co. for 135 million yuan to Fengyang Mining Investment Holdings Co. to focus on its core business and improve cash flow [2][3] - As of September 22, the company confirmed receipt of the transaction amount and completion of the necessary registration changes, indicating that Derui Mining would no longer be included in DeLi Co.'s consolidated financial statements [3]