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Sichuan Dowell Science and Technology Inc. (300535.SZ): Zhanxiang Investment intends to participate in the auction of equity and debt projects of Weiyuan Forestry.
Glory exchange on December 13th丨Sichuan Dowell Science and Technology Inc. (300535.SZ) announced that the company recently received a notice from its controlling shareholders, Yan Jianlin and Li Gong, related party Chengdu Zhanxiang Investment Co., Ltd. (hereinafter referred to as "Zhanxiang Investment"), regarding the company’s registration to participate in the public listing auction of Weiyuan Forestry. Due to the lack of interested transferees after multiple rounds of public listing of the equity and debt projects of Weiyuan Forestry, the company's controlling shareholders, Yan Jianlin and Li Gong, intend to support the company in divesting non-performing Assets and optimizing the company's Business structure, seeking to offer a price range of 73.6642 million yuan to 9,208.
Sichuan Dowell Science and Technology Inc. (300535.SZ): publicly listed for the transfer of 62.5% equity and debts of the holding subsidiary Weiyuan Timber.
Gelonghui, November 14th丨 Sichuan Dowell Science and Technology Inc. (300535.SZ) announced that the company intends to publicly list the transfer of 62.5% of its holding in its subsidiary Weiyuan Timber through a debt transfer at the property rights trading center, and simultaneously transfer the company's and wholly-owned subsidiary Asia Vets' claims against Weiyuan Timber. The company plans to transfer 62.5% of Weiyuan Timber for 0 yuan, with an initial listing price of 0.144 billion yuan based on the total claims balance that the parent company and Asia Vets have against Weiyuan Timber as of August 31, 2024. After this trade is completed, the company will no longer hold any equity in Weiyuan Timber, and Weiyuan Timber will no longer be included in the company's consolidated financial statements.
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