Baota Industry (000595.SZ) has issued an announcement to revitalize its existing assets, fill the gap in production capital, and repay the outstanding debt of its wholly-owned subsidiary Northwest Bearing Limited Company ('Northwest Bearing'). The company plans to dispose of the land use rights and above-ground buildings ('target assets') of its old factory area through public listing and transfer. The assessed value of the target assets is 0.258 billion yuan.
Baota Industry (000595.SZ) has issued an announcement to revitalize its existing assets, fill the gap in production capital, and repay the outstanding debt of its wholly-owned subsidiary Northwest Bearing Limited Company ('Northwest Bearing'). The company plans to dispose of the land use rights and above-ground buildings ('target assets') of its old factory area through public listing and transfer. The assessed value of the target assets is 0.258 billion yuan.
