On December 27, GLONGHUI | LVJI TECH (01745.HK) announced that on December 25, 2023, the company signed an agreement with Guangzhou Asset Management to acquire a series of Huangtengxia loan claims through the public delisting business of the Guangdong Financial Assets Exchange Center. According to this, Guangzhou Asset Management carried out the acquisition for RMB 37,049.475.12 million approved by the company. The company agreed to invest no less than 70% of the actual transaction price, and Guangzhou Asset Management would invest no more than 30% of the actual transaction price and not more than RMB 111 million.
According to the disclosure, the target assets are the claims of 2 households, Qingyuan Huangtengxia Ecotourism Development Co., Ltd. and Qingyuan Ronghang Real Estate Development Co., Ltd. disposed of by the Qingyuan Agricultural Commercial Bank. The target assets were listed by the Guangdong Financial Assets Exchange Center and Qingyuan Agricultural Commercial Bank on October 21, 2023. The book principal balance was RMB 48,94252 million, the interest was RMB 816.7775 million, the cost was RMB 11.981 million, and the total debt was RMB 583.108 million.
Carrying out acquisitions will help the company to further cooperate with state-owned asset management companies, help the company further enhance the company's development strength through state-owned enterprise resources, help the company's future business development and diversification, reduce the company's dependence on specific markets or businesses, reduce operating risks, and better attract investors, obtain more favorable financing conditions, and further support the company's development and expansion plans.