Group 1 - The company, Emperor Industrial Holdings (01950), has entered into a second sale agreement with BlueOcean Investment (Global) Ltd to sell 24% of its stake in Darkblue Investment Ltd for a purchase price of RMB 29.86 million, to be paid in cash installments [1] - Following the completion of the second sale, the company will hold 51% of Darkblue Investment Ltd, while the buyer will hold 49%, allowing the target company to remain a subsidiary of the company [1] - The proceeds from the second sale are expected to be used for debt repayment, investment in new opportunities, and general working capital needs [1] Group 2 - Mr. Cao, the ultimate beneficial owner of the buyer, has over 20 years of experience in the artificial leather industry and is expected to enhance the group's sales and foreign trade market for artificial leather [2] - The second sale is anticipated to improve the group's liquidity, increase working capital, and strengthen its overall financial position [2] - The company plans to allocate more resources to its profitable liquor business and is considering a transition to a light asset business model, focusing on synthetic leather chemical product trading [2]

Group 1 - The company has entered into a second sale agreement with BlueOcean Investment (Global) Ltd to sell 24% of its stake in Darkblue Investment Ltd for a total consideration of RMB 29.86 million, to be paid in cash installments [1] - Following the completion of the second sale, the company will hold 51% of the target company, which will continue to be a subsidiary, allowing its financial performance to be consolidated with the group's results [1] - The proceeds from the second sale are expected to be used for debt repayment, investment in new opportunities, and general working capital needs [1] Group 2 - Mr. Cao, the ultimate beneficial owner of the buyer, has over 20 years of experience in the artificial leather industry and is expected to enhance the group's sales and foreign trade market development [2] - The second sale is anticipated to improve the group's liquidity, increase working capital, and strengthen its overall financial position [2] - The company plans to allocate more resources to its profitable liquor business and is considering a transition to a light asset business model, establishing a synthetic leather chemical product trading business [2]

Group 1 - The company has entered into a conditional sale agreement to sell 24% of its subsidiary Darkblue Investment Ltd to BlueOcean Investment (Global) Ltd, which is expected to enhance sales and provide immediate cash flow [1] - The target company, Darkblue Investment Ltd, is primarily engaged in investment holding, with its subsidiary Zhejiang Shenlan focusing on the manufacturing and sales of artificial leather chemicals [1] - The ultimate beneficial owner of the buyer, Cao, has over 20 years of experience in the artificial leather industry and is expected to assist in developing sales and foreign trade markets for the company [1] Group 2 - The transaction is anticipated to improve the company's liquidity, increase working capital, and strengthen its overall financial position [2] - The company plans to allocate more resources to its profitable liquor business and is considering a transformation to a light asset business structure in the coming years [2] - The sale is seen as a valuable opportunity to supplement working capital and focus on developing the synthetic leather chemical product trading business [2]