Jihua Group (601718): Proposed To Sell The Equity And Creditor'S Rights Of Shaanxi Jihua Garden
On the evening of December 30, Jihua Group (601718) announced that the company planned to transfer 100% of the equity of Shaanxi Jihuayuan Development and Construction Co., Ltd. and all the creditor's rights of the company to Xinxing Jihua Asset Management Co., Ltd., a related party of the company, in a non-public agreement, with the total transaction amount expected to not exceed 830 million yuan. After the completion of this transaction, the company's profit is expected to increase by 94.3914 million yuan.
On the same day, the company announced that it planned to terminate the non-public offering of shares to raise investment project "Jihuayuan Xi'an Project" and permanently replenish the surplus raised capital of 435.6551 million yuan (excluding interest) as working capital for daily production and operation related to the company's main business.
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