Core Viewpoint - Dongfang Precision (002611) plans to sell 100% equity of Fosber Group, Fosber Asia, and Tiru a Asia to Foresight US and Foresight Italy for a total base price of €774 million, marking a strategic restructuring to divest from the corrugated cardboard business and increase investment in emerging industries [1][2] Group 1: Transaction Details - The selling entity includes Dongfang Precision and its wholly-owned subsidiary Dongfang Precision (Netherlands) [1] - The transaction price is structured using a locked box mechanism, with base prices set at €637 million for Fosber Group, €125 million for Fosber Asia, and €12.036 million for Tiru a Asia, plus interest and deductions for losses [1] - An additional contingent payment of up to €25 million may be awarded based on the target group's gross profit from August 2025 to December 2026 and the gross profit margin for the fiscal year 2026 [1] Group 2: Strategic Implications - The transaction is expected to constitute a major asset restructuring, with the target companies projected to generate an unaudited revenue of ¥3.211 billion, accounting for 67.2% of Dongfang Precision's revenue during the same period [2] - Post-transaction, Dongfang Precision will divest its corrugated cardboard production line and focus resources on its core business, particularly increasing investment in its subsidiary, Baisheng Power, which has achieved mass production of 300-horsepower gasoline outboard motors [2] - The company aims to enhance its strategic focus on emerging industries, including industrial internet and digital printing equipment, as part of its technology transformation strategy initiated in 2020 [2]

以下文章来源于解码LP ，作者吴琼 余梦莹 解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 欢迎加入投资界读者群 更多城市加入。 作者 I 吴琼 余梦莹 报道 I 投资界-解码LP 这是国资容错最新一幕。 投资界—解码LP获悉，近日深圳福田区、武汉相继发布新政，列出多条措施吸引人才、 企业聚集。当中不约而同提到—— 在符合条件的情况下，"最高允许100％亏损"。 鼓励创新，宽容失败。当国资成为一级市场主力军，国资容错现实摆在了所有人面前。 "最高允许100%亏损" 开始流行了 "五福礼包"中，瞄准企业发展全周期中的难题。比如，以人才为起点，政策中对新"深圳 人"提供"一册通" "一补贴" "一张床" "一张卡" "一摇蓝" "一场球"的支持，拿出真金白银欢 迎高校毕业生、科技人才等来到深圳。 当中引起创投圈注意的是，针对创业高风险问题，福田区还拿出重新启航"福"礼包，其 中从基金层面为风险容错兜底——放宽政府投资基金的失败容忍比例，允许最高不超过 80%亏损， 对符合条件的项目允许最高100%亏损。 科技创业九死一生，福田区拿出"全周期支持+容错激励"政策支持，无疑吸引更多科创企 业聚集。 抢 ...

Core Viewpoint - The recent policies from Shenzhen and Wuhan highlight a trend of allowing significant loss tolerance in government investment funds to encourage innovation and attract talent and enterprises, with a maximum allowable loss of 100% in certain conditions [1][2][5]. Group 1: Policy Initiatives - Shenzhen's Futian District introduced the "Five Blessings Package" aimed at supporting education and technology talent, which includes measures to attract new residents and provide financial support for startups [2][3]. - Wuhan's new policy, titled "20 Measures to Promote High-Quality Development of the Private Economy," addresses challenges faced by private enterprises, allowing for a maximum of 100% loss in seed and angel investments [3][5]. Group 2: Investment Landscape - The trend of allowing loss tolerance in government investment funds is becoming a consensus in the primary market, with state-owned funds increasingly dominating investments [5][6]. - Data from Qianlong Research Center indicates that over 80% of disclosed investment amounts in the past year came from state-owned or state-controlled limited partners (LPs) [5]. Group 3: Market Dynamics - The shift towards loss tolerance reflects a broader competitive landscape among cities to attract venture capital and technology enterprises, similar to the previous proliferation of government-guided funds [7]. - The exploration of loss tolerance mechanisms is seen as essential for fostering innovation in high-risk sectors such as artificial intelligence and semiconductor technology [6][7]. Group 4: Future Outlook - While the signals from these policies are positive, the implementation of loss tolerance mechanisms will require careful navigation of auditing and regulatory challenges [8].