Chongqing Sansheng Industrial Co.Ltd(002742) on January 21, it was announced that the company signed the equity transfer agreement with Chongqing quanliuxin building materials Co., Ltd. to transfer 100% equity of its wholly-owned subsidiary Chongqing Hechuan Sansheng building materials Co., Ltd. to the latter at the price of 86.69 million yuan. According to the company’s preliminary calculation, the cumulative after tax net income from the transfer of equity is expected to be about 35 million yuan.
According to the data, Hechuan Sansheng was established on July 19, 2019 with a registered capital of 50 million yuan. Its business scope includes non coal mining, sales of building materials, etc. As of September 30, 2021, its total assets were 62.0784 million yuan and its net assets were 49.8287 million yuan. The company has not actually carried out business since its establishment. According to the relevant appraisal report, the appraisal value of all its rights and interests on the benchmark date is 70.3766 million yuan. Combined with the company’s early investment cost and regional advantages, the transaction price is 86.69 million yuan through consultation.
Chongqing Sansheng Industrial Co.Ltd(002742) said that the transfer of the equity of the subject company is conducive to optimizing the asset structure and resource allocation, which is in line with the company’s long-term development strategy. This transaction will not affect the normal operation of the company’s production and operation activities, and will not have an adverse impact on the company’s current and future financial status and operation status. After the completion of this transaction, the company will no longer hold the equity of Hechuan Sansheng, and Hechuan Sansheng will no longer be included in the scope of the company’s consolidated statements.
