此次出售，能更好地帮助公司筹集资金，获取金融资源，帮助公司更好有效地化解债务，为公司可持续发展创造条件。On November 29, Gelonghui announced that XJ Intl Hldgs (01765.HK) has signed an equity transfer agreement with the buyer (Leik Holdings and Nanfeng Company) and the seller Sichuan Hope Edu and Chengdu Jinyuhua. According to this agreement, the seller conditionally agrees to transfer and the buyer conditionally agrees to acquire (1) 100% equity of the target company (Giant Education and Wuhu Real Estate); and (2) all operating rights and interests of the target college owned by Giant Education, with a total valuation of 0.54 billion yuan, and after deducting the total external debts disclosed on the transaction date, the total transaction price is expected to be 0.42 billion yuan, with the final amount to be adjusted after the completion of the final transaction delivery.
The target company is Giant Education and Wuhu Real Estate. Giant Education is a limited liability company registered in China, mainly engaged in education consulting services and enterprise management services. As of the date of this announcement, Giant Education is wholly and beneficially owned by Sichuan Hope Edu.
Wuhu Real Estate is a limited liability company registered in China, mainly engaged in real estate development operation and self-owned commercial house rental & leasing services. As of the date of this announcement, Wuhu Real Estate is wholly and beneficially owned by Chengdu Jinyuhua. The target college is a non-profit full-time private higher education institution approved by the Hebei Provincial Government in 2021, with a founding capital of 5 million yuan. As of the date of this announcement, Giant Education is the organizer of the target college and holds 100% of its operating rights and interests.
This sale will better help the company raise funds, acquire financial resources, aid the company in effectively resolving debts, and create conditions for the company's sustainable development.