Jingu shares: plans to transfer not more than 9.39% of Xinkangzhong’s equity, expected to increase profits by 1.037 billion yuan

Securities Times e company news, Jingu shares (002488) announced on the evening of the 14th that the wholly-owned subsidiary Teweilun intends to transfer no more than 9.39% of the shares of Jiangsu Kangzhong Auto Parts Co., Ltd. (referred to as “Xin Kangzhong”), and the transaction consideration is expected No more than 1.356 billion yuan. Calculated according to the maximum sales volume, the transfer income (before tax) of Tweilun will be about 1.037 billion yuan, which will have a positive impact on the company’s 2021 net profit. After this transaction, Teweilun indirectly holds approximately 2.314% of the shares of Xinkangzhong through its wholly-owned subsidiary. The company’s development strategy will focus on the main business of steel wheels. Starting from 2021, it will gradually divest other businesses and move on lightly.