Core Viewpoint - The company *ST Nanguo has completed a significant asset restructuring by selling its real estate development and leasing business assets and liabilities to Shanghai Longlin for a transaction price of 1 yuan, marking a major related party transaction [1] Group 1: Transaction Details - The asset transfer has been substantially completed as of November 30, 2025, with all rights, obligations, and risks associated with the assets being transferred to Shanghai Longlin from the date of delivery [1] - The transaction price was set at 1 yuan, which will be paid in cash by the buyer [1] - The shareholding changes for 16 target companies have been registered, while one company is in the process of completing its share transfer registration [1] Group 2: Financial Implications - A total of 18 investment properties have been physically delivered to Shanghai Longlin as part of the asset transfer [1] - The company has repaid debts amounting to 11.582 billion yuan, which represents 99.99% of the debts involved in the transfer as of April 30, 2025 [1]

Group 1 - The core point of the article is that *ST Nanzhi (002305.SZ) experienced a significant drop in stock price, opening down 2.83% and quickly hitting the daily limit down, currently trading at 2.35 yuan with a market capitalization of 4.075 billion yuan [1] - The company issued 40 announcements, which attracted widespread attention in the capital market [1] - The draft report on major asset sales and related transactions indicates that the company plans to transfer real estate development and leasing business assets and liabilities to a wholly-owned subsidiary of its controlling shareholder, Electric Power Construction Real Estate [1] Group 2 - The transaction involves the transfer of 17 equity assets and 11.579 billion yuan in other payables, with a total asset value of nearly 20 billion yuan, while the transaction price is only 1 yuan [1]