Huagong Tech (000988.SZ) announced that its wholly-owned subsidiary Huagong Zhengyuan plans to sign an equity transfer and property rights transaction agreement with Yunling Optoelectronics.
Zhijing Finance and Economics APP news, Huagong Tech (000988.SZ) announced that its wholly-owned subsidiary Huagong Zhengyuan intends to sign an Equity Transfer and Property Rights Transaction Contract with Yunling Optoelectronics, intending to transfer its 100% equity stake in Xinruichuangke held at a price of 89.12 million yuan (corresponding to Xinruichuangke's 60 million yuan registered capital), to Yunling Optoelectronics. After this transaction is completed, Huagong Zhengyuan will no longer hold equity in Xinruichuangke, and Yunling Optoelectronics will hold 100% equity in Xinruichuangke, which will no longer be included in the company's consolidated financial statements.
The transfer of the controlling equity of Xinruichuangke in this transaction is based on a prudent decision made based on Xinruichuangke's current business situation, financial condition, future development potential, and capital operation planning. This transaction is beneficial for optimizing the company's asset structure, improving operational efficiency, and is in line with the overall interests of the company.