On December 26, Gelonghui Co., Ltd. (601038.SH) announced that Yituo Diesel Engine plans to sell 0.8827% of its shares in Zhongyuan Bank through a public listing and transfer on the Beijing Stock Exchange. The counterparty to this transaction will be determined based on the public listing results, and the counterparty must pay the consideration for this transaction in cash. If the public listing fails to solicit eligible counterparties or the transaction fails, the company will reconvene the board of directors to consider the subsequent disposal of the underlying assets.
The transfer price for the public listing of the underlying assets was determined by multiplying the number of shares of Zhongyuan Bank transferred by Yituo Diesel Engine and the audited net asset value per share of Zhongyuan Bank in the most recent fiscal year (that is, 2.07 yuan/share audited net assets per share in 2022) to be 667.83 million yuan. The final transaction price is based on the delisting price.