Gelonghui, December 17, Shenzhen Kangjia A (000016.SZ) disclosed the progress of the transfer of 70 percent of the shares of Shenzhen Yi Square Network Technology Co., Ltd. ("Yi Square Company"). Recently, according to the rules of state-owned property rights transactions, the company signed a "Shanghai property Rights Trading contract" with 17 transferees, including Shenzhen Qiaoyi Digital Technology Co., Ltd., at a transaction price of 2.8 billion yuan. The transferee will pay the transaction price in accordance with the lump sum payment.
The listing and transfer of 70% equity in the easy square company can optimize the asset allocation of the company, promote the capitalization operation of the subordinate companies, and improve the overall efficiency of the company. After the completion of this transaction, the company will no longer merge with the exchange square company. If the transaction is successfully completed, based on the book value and transaction price of Yi Square Company on September 30, 2021, the after-tax profit from the company's disposal of long-term equity investment is expected to be about 1.790248 billion yuan, and the remaining equity will be accounted for by equity method. Re-measured according to fair value, the resulting after-tax profit is expected to be about 905.649 million yuan.