Shenzhen Nanshan Power (000037.SZ) announced that according to the company's controlling subsidiary, Shenzhen Nanshan Power Zhongshan Company, and Zhongshan Cuiheng New District Management Committee signed the "State-owned Land Use Rights Repossession Agreement," "Relocation Compensation Agreement," and "Supplementary Agreement," Shenzhen Nanshan Power Zhongshan Company is required to complete the transfer of all land by June 30, 2025 (the deadline for the delayed transfer of part B land shall not exceed 3 months). Considering the relocation construction time after the listing of relevant assets, the time schedule for detecting, evaluating, and remediating land pollution, the time for disposing of the generator units and related assets is urgent. In view of the above situation, Shenzhen Nanshan Power Zhongshan Company has reevaluated two sets of generator units and their supporting equipment, and plans to publicly list and transfer at Shenzhen United Exchange with the latest tax-excluded evaluation value of 63.7269 million yuan as the listing price.
Zhongshan Cuiheng New District Management Committee and a relocation agreement and a supplementary agreement, Shenzhen Nanshan Power Zhongshan Company should complete the transfer of all land by June 30, 2025 (the deadline for the delayed transfer of part B land shall not exceed 3 months). Considering the urgent timing for disposing of the generator units and related assets, the company has reevaluated two sets of generator units and plans to publicly list them for transfer at the Shenzhen United Exchange with a new listing price of 63.7269 million yuan.
The re-listed assets for transfer will facilitate Shenzhen Nanshan Power Zhongshan Company's asset disposal work, revitalizing existing assets which will contribute to the smooth completion of land acquisition work and support the company's transformation and development. Due to the public listing method of transfer, there is a possibility of a premium in the transaction fill price. The impact of the transaction result cannot be accurately calculated at present, with an estimated asset disposal loss not exceeding 64 million yuan (excluding asset disposal gains and losses from land and property not included in the acquisition scope), the actual disposal loss will be determined based on the final fill price.
