Core Viewpoint - Tianyi New Materials, once a star enterprise in the Sci-Tech Innovation Board, is now facing severe liquidity issues, industry downturns, and significant losses, highlighted by a recent lawsuit over a nearly 100 million yuan loan dispute [1][6]. Financial Performance - In 2024, the company reported a revenue of 763 million yuan, a dramatic decline of 63.85% year-on-year, and a net profit loss of 1.495 billion yuan, marking its first annual loss since listing [2]. - For the first half of 2025, revenue was 423 million yuan, down 17.26% year-on-year, with a net profit loss of 209 million yuan, although this represented a 57.52% reduction in losses compared to the previous year [2]. Legal and Financial Issues - The company and its subsidiaries are involved in a lawsuit due to a loan of 100 million yuan taken by its subsidiary Tianli New Ceramics, which remains unpaid, leading to potential asset liquidation [1][6]. - As of August 1, 2023, the company had 61.534 million yuan in frozen bank accounts, totaling 87.5792 million yuan, which is 2.39% of its audited net assets and 39.35% of its cash as of the first quarter of 2025 [2]. Industry Challenges - The rail transportation sector, where Tianyi's main products are used, is facing intensified competition due to low-price bidding policies from the China National Railway Group [3]. - The photovoltaic sector is experiencing a significant downturn, with new installations dropping sharply, leading to a drastic decline in profit margins for Tianyi's solar energy products [3]. Strategic Responses - In August 2023, the company announced plans to sell assets worth 51.4 million yuan, reflecting a 43.77% discount from their book value, indicating urgent cash needs [4]. - Tianyi has proposed a systematic valuation enhancement plan with seven measures aimed at optimizing asset structure and improving operational efficiency [5]. Market Sentiment - The company's stock has been trading below its net asset value for 12 consecutive months, indicating a pessimistic market outlook on its future profitability [5].

Core Viewpoint - Green Heart Group (00094.HK) announced a conditional sale agreement for assets worth NZD 134 million (approximately HKD 615 million) and plans to distribute a special dividend of HKD 0.01 per share, pending shareholder approval [1][2] Group 1: Sale Agreement Details - The sale agreement involves the sale of assets by the sellers, which are indirect wholly-owned subsidiaries of the company, to a buyer registered in New Zealand [1] - The assets include approximately 12,724 hectares of land in the Mangakahia Forest, along with buildings, trees, and other improvements, as well as carbon units and operational data related to the properties [2] - The buyer's ultimate beneficial owner is Stichting INGKA Foundation, a Dutch charity founded by Ingvar Kamprad [1] Group 2: Asset Description - Seller One will sell land in the Northland region, while Seller Two will sell land in the Gisborne region, both including trees and other improvements [2] - The assets also include all records and operational data related to the trees and properties [2] - Trading of the company's shares was suspended on September 1, 2025, and an application for resumption of trading was submitted for September 11, 2025 [2]

Core Viewpoint - Jiurong Holdings (02358) announced the conditional sale of 100% equity in Jiangsu Jiurong Integrated Energy and 13 electric vehicle charging stations in Nanjing for a cash consideration of RMB 6.87 million, providing an opportunity to realign its electric vehicle charging station portfolio [1] Group 1: Transaction Details - The buyer, Nanjing State Grid Electric Power Technology, will assume the repayment of approximately RMB 1.06 million in principal and RMB 0.018 million in accrued interest owed by the target company to the seller [1] - The total cash consideration for the transaction is RMB 6.87 million [1] Group 2: Strategic Rationale - The board believes that the sale represents a prudent and responsible measure to safeguard the overall interests of the group, as the existing sites and conditions of the target company do not meet operational needs and require additional capital investment [1] - Given the current market conditions and the company's situation, further financial support for the target company's development would impose an unnecessary financial burden on the group [1]

Core Viewpoint - Jiu Rong Holdings (02358) has announced a conditional agreement to sell 100% equity of Jiangsu Jiu Rong Comprehensive Energy and 13 electric vehicle charging stations in Nanjing to Nanjing State Grid Electric Power Technology for a cash consideration of RMB 6.87 million, providing an opportunity to readjust its electric vehicle charging station portfolio [1] Group 1 - The buyer, Nanjing State Grid Electric Power Technology, will assume the repayment of approximately RMB 1.06 million in principal and RMB 0.018 million in accrued interest owed by the target company to the seller [1] - The board believes that the sale is a prudent and responsible measure to safeguard the overall interests of the group, as the existing sites and conditions of the target do not meet operational needs and require additional capital investment [1] - The current market conditions and the company's situation make further funding to support the target's development an unnecessary financial burden [1]

Core Viewpoint - The company plans to sell a total of 8.686 million shares of Guizhou Yibai Pharmaceutical, 970,600 shares of Aorui De, 7,716 shares of China Ping An, and 4.7122 million shares of Hunan Erkang Pharmaceutical, aiming to optimize its asset structure and improve liquidity and efficiency [1] Group 1 - The estimated profit from the sale of these stocks, after deducting costs and taxes, is expected to exceed 50% of the company's audited net profit for the last year [1] - The sale is intended to enhance the company's asset liquidity and utilization [1] - The company is strategically timing the sale based on stock market conditions [1]

Group 1 - The company *ST Mubang plans to sell its wholly-owned subsidiary Guangdong Bangbao Intelligent Toys Co., Ltd. to a company controlled by its indirect shareholder Wu Dinghui for a price of 65.8883 million yuan, which is not lower than the starting price of the second public auction on JD Asset Trading Platform [1][2] - The sale includes land use rights and attached properties located in Shantou City, and the company will lease back the assets to ensure normal production operations, with a monthly rent of 11 yuan per square meter, totaling 7.9225 million yuan annually [1][2] - The assessed value of the assets is 117.6577 million yuan, and previous auction attempts have failed, with the first auction price being approximately 82.36 million yuan and the second auction price being approximately 65.89 million yuan [1][2] Group 2 - The transaction requires approval from the company's shareholders' meeting, and there have been no related transactions with Wu Dinghui in the past 12 months [2] - For the first half of 2025, the company's revenue composition is as follows: photovoltaic silicon wafers and rods account for 80.87%, other businesses 9.26%, intelligent toys 5.23%, and precision molds 1.01% [2] - As of the latest report, the market capitalization of *ST Mubang is 2.9 billion yuan [3]

Core Viewpoint - The company intends to publicly transfer 100% equity and debt of its subsidiary, Guangxi Xingaosheng Thin Ceramic Co., Ltd., which will not materially affect its main business and ongoing operational capability [1] Group 1 - The company’s subsidiary, Beiliu Xinshi New Materials Co., Ltd., plans to publicly transfer its holdings in Guangxi Xingaosheng [1] - The total amount of the debts to be transferred is 132 million yuan and 138 million yuan, respectively, as of June 30, 2025 [1] - In the fiscal year 2024, the revenue from Guangxi Xingaosheng accounted for 3.17% of the company's most recent audited revenue [1] Group 2 - The transaction aims to adjust and optimize the company's industrial structure [1]

格隆汇9月2日｜陶氏化工表示，已将其基础设施合资企业的额外股份以5.4亿美元的价格出售给合作伙 伴麦格理资产管理，以更专注于其核心业务。该交易令麦格理在Diamond Infrastructure Solutions合资公 司中的股份增至49%，并令陶氏从该交易中获得的总收益达到约30亿美元。 ...

Group 1 - The company, Huangting International, is currently planning a debt restructuring and significant asset sale, but no agreements have been signed yet, and details are still under negotiation [3][4] - The assets, including the Jingguo National Business Center (Shenzhen Huangting Plaza), are scheduled for public auction from September 9, 2025, to September 10, 2025, with the current judicial auction still in the publicity phase, leading to uncertainty regarding the sale outcome and price [3] - Previous attempts to sell at least 51% stakes in Shenzhen Rongfa Investment Co., Ltd. and Chongqing Huangting Jewelry Plaza Co., Ltd. did not attract effective purchase interest [3][4] Group 2 - The company was established on January 19, 1985, with a registered capital of 1.18252822 billion RMB, and is primarily engaged in commercial management, property management, and power semiconductor businesses [4][5] - The current chairman is Qiu Shanqin, and the company has 730 employees, with Zheng Kanghao as the actual controller [5] - Financial performance from 2022 to 2024 shows revenues of 663 million RMB, 1.172 billion RMB, and 658 million RMB, with year-on-year growth rates of -12.09%, 76.68%, and -43.86% respectively; net profits were -1.231 billion RMB, -1.127 billion RMB, and -640 million RMB, with year-on-year changes of -6.36%, 8.25%, and 43.16% respectively [5]

Core Viewpoint - The company is selling its entire issued share capital of the target company, Zhuanghuang China Holdings Limited, for HKD 1.8 million due to the deteriorating financial performance of its Chinese subsidiary and the anticipated continued decline in demand for Grade A office design and interior decoration solutions in China [1][2] Group 1: Sale Details - The seller, a wholly-owned subsidiary of the company, plans to sell the target company to a related party, Aeola Investment Limited, for HKD 1.8 million [1] - Upon completion of the sale, the company will no longer hold any interest in the target group, and the target company and its Chinese subsidiary will no longer be accounted for as subsidiaries [1] Group 2: Financial Performance - The Chinese subsidiary, Guangzhou Siwu Architectural Design Co., Ltd., reported a loss for the year ending March 31, 2025, and continued to incur losses for the three months ending June 30, 2025 [1] - The company attributes the losses primarily to the recent economic environment in China affecting Grade A office leasing, resulting in a reduced order volume from clients located in Grade A office buildings [1] Group 3: Strategic Review - The company regularly conducts strategic reviews of its assets and operations [2] - Given the declining financial performance of the Chinese subsidiary and the expected continued decrease in demand for its services, the board believes that the sale will mitigate the adverse impact of the subsidiary's financial performance on the overall financial performance of the company [2] - The sale will allow the company to more effectively concentrate its capital and management resources on seeking other growth opportunities, thereby enhancing its long-term sustainability and development [2]