董事认为，整合集团的资源以管理及维护其组合中的其他物业乃更为审慎之举。鉴于集团仅占用工业综合设施的一部分作为备用仓库(目前空置)且集团于广东省有其他仓库可以作为替代仓库，出售事项不会影响集团的营运。由于出售事项之后在工业综合设施第二期未来发展所需的进一步资本及资源承担方面的负担减轻，出售事项乃该集团在当前不明朗的经济环境下变现该物业并获得即时现金流以满足集团财务需求的宝贵机会。Solartech Int'l (01166) announced, on November 20, 2024, that the company's wholly-owned subsidiary Huayang Enterprises Limited...
According to Zhito Finance APP news, Solartech Int'l (01166) announced that on November 20, 2024, the company's wholly-owned subsidiary Huayang Enterprises Limited plans to sell 100% of the equity of Dongguan Huayi Copper Industry Co., Ltd. to Dongguan Yinhua Industrial Investment Co., Ltd. for a price of cash 70 million yuan.
According to the state-owned land use right certificate (Dongfu Guoyong (2014) No. Special 24), the target company owns the land use rights for a piece of land located in Songbaitang Village, Changping Town, Dongguan City, Guangdong Province, China. The registered land area for the land is 102,050 square meters, designated for industrial use. The target company has acquired the land use rights, which are valid until 2055. Several factory buildings (collectively referred to as "industrial complex facilities") have been built on the land, with a total construction area of 74,752.4 square meters. The Industrial Complex Phase I-A includes one single-story ancillary factory and two one- to two-story ancillary warehouses, with a total construction area of approximately 3,446.34 square meters. The Industrial Complex Phase I-B includes five six-story factory buildings and one single-story building with a one-level basement equipment room, with a total construction area of approximately 71,306.06 square meters. Currently, (i) several parts of the Industrial Complex Phase I-B and Phase I-A (construction areas of 71,306.06 square meters and 1,300 square meters, respectively) have been leased to two independent third parties for industrial use, with lease terms expiring in 2036 and 2024 respectively, and the current total monthly rent is 1,045,286.73 yuan (excluding taxes); and (ii) the remaining part of Industrial Complex Phase I-A (construction area of 2,146.34 square meters) is occupied by the group as a备用 warehouse and has been vacant. The remaining part of the land is vacant land planned for the construction of new factory buildings.
The directors believe that integrating the group's resources to manage and maintain other properties in its portfolio is a more prudent move. Given that the group only occupies part of the industrial complex facilities as a备用 warehouse (currently vacant) and the group has other warehouses in Guangdong that can serve as alternative storage, the sale will not affect the group's operations. Due to the reduced burden of further capital and resource commitments required for future development of Phase II of the industrial complex after the sale, this sale represents a valuable opportunity for the group to liquidate this property and obtain immediate cash flow to meet the group's financial needs in the current uncertain economic environment.
