Jinan Hi-Tech (600807.SH) issued an announcement to focus on the development of the core business of life and health and accelerate non-main business assets...
According to the Zhitong Finance App, Jinan Hi-Tech (600807.SH) issued an announcement. In order to focus on the development of the core business of life and health and accelerate the divestment and monetization of non-main business assets, the company's subsidiary Shandong Jigao Yuntai Industrial Investment Co., Ltd. (“Jigao Yuntai”) plans to transfer 100% of its shares in the garden sector operator Jinan Jigao Ecological Environment Co., Ltd. (“Jigao Ecology”) to Jinan Gaoxinsheng Development Co., Ltd. (“Gaoxin Shenghe” for short). The current equity transfer price is 300,000 yuan, while Gaosheng and Xinsheng Facilitate Jigao Ecology to move forward by the end of 2024 The company made instalment payments of 205 million yuan.
After the transaction is completed, the company's balance ratio will drop markedly, from 77% to about 70%, and the capital structure will be further optimized, which is conducive to improving the company's resilience to risks and solvency. After the transaction is completed, Jigao Ecology will no longer be included in the company's consolidated statements. It is expected that the company's financial situation will improve and profitability will be further enhanced, in line with the interests of the company and shareholders. The transaction price is based on an assessed value and determined through negotiations between the two parties. The transaction price is fair and reasonable, and there are no circumstances that harm the interests of the company or shareholders. The transaction is expected to generate an investment income of about 13 million yuan. In the end, the financial report audited by an annual audited accountant shall prevail.
Up to now, the total amount of credit guarantees granted by the company to Jigao Ecology and its subsidiaries is 90.116 million yuan, interest, etc., with a guarantee balance of 30.4 million yuan. After the completion of this transaction, related guarantees will be passively formed.