Stock abbreviation: Hai Nan Yedao (Group) Co.Ltd(600238) Stock Code: Hai Nan Yedao (Group) Co.Ltd(600238) No.: 2022008
Hai Nan Yedao (Group) Co.Ltd(600238) (Group) Co., Ltd
Progress announcement on the transfer of equity of wholly-owned subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● transaction object: 100% equity of Hainan Yangpu Yedao Starch Industry Co., Ltd;
● this transaction does not constitute a major asset reorganization and does not constitute a related party transaction;
● this transaction is expected to affect the company’s current pre tax profit of about 17 million yuan (subject to the audited data at that time).
1、 Transaction overview
On March 2, 2022, the seventh meeting of the eighth board of directors of Hai Nan Yedao (Group) Co.Ltd(600238) (Group) Co., Ltd. (hereinafter referred to as “the company”) deliberated and approved the proposal on the transfer of equity of wholly-owned subsidiaries. The company plans to transfer 100% equity of Hainan Yangpu Yedao starch industry Co., Ltd. (hereinafter referred to as “this transaction”). The appraisal value of 100% equity of Hainan Yangpu Yedao Starch Industry Co., Ltd. (hereinafter referred to as “starch industry”) is -693200 yuan, so the 100% equity transfer of starch industry is planned to be carried out at a price of no less than 1 yuan, with the conditions that the transferee needs to repay the debts payable to the company and its subsidiaries of 5352880456 yuan on behalf of starch industry. The transferee shall repay the debts of the above company and its subsidiaries before the equity transfer.
On March 9, 2022, the company signed the acquisition intention agreement with Hainan zhongbairun Trading Co., Ltd. (hereinafter referred to as “zhongbairun trading”) and starch industry. According to the intention agreement, the company and zhongbairun trading set up a joint management account, which has received 35.5 million yuan (including 14 million yuan of performance security). 2、 Progress
On March 25, 2022, after the deliberation and approval of the company’s first extraordinary general meeting in 2022, the company signed the equity transfer contract with zhongbairun commerce and starch industry on that day. The contract agreed that the equity transfer consideration of this transaction was 71 million yuan, including 1747119544 yuan of equity transfer price. At the same time, the transferee paid off the debts owed to the company and its subsidiaries on behalf of starch industry, totaling 5352880456 yuan.
As of the disclosure date of this announcement, the industrial and commercial change registration of equity transfer in this transaction has been completed, the company has received all the funds of this transaction, and has completed the asset handover with the trading party. After the completion of this transaction, the pre tax profit of the company in the current period is expected to be affected by about 17 million yuan (subject to the audited data at that time).
It is hereby announced.
Board of directors of Hai Nan Yedao (Group) Co.Ltd(600238) (Group) Co., Ltd
April 6, 2022
