Red Star Macalline (1528.HK) rises 4.76%, plans to sell equity and creditor’s rights of its 7 holding subsidiaries for 2.312 billion yuan

Summary

[Red Star Macalline (1528.HK) rose 4.76% and plans to sell the equity and debts of its seven holding subsidiaries for 2.312 billion yuan]Red Star Macalline (1528.HK) rose 4.76% to HK$4.84, with a total market value of HK$18.9 billion , Macalline (601828.SH) also rose 5.25%. Red Star Macalline issued an announcement stating that on June 2, 2021, the company and Macalline Logistics intend to transfer all the equity of its seven holding subsidiaries and all of the seller’s debt to the target company to Tianjin Yuanchuan Investment Co., Ltd. or The designated party of its cooperation framework agreement. According to the calculation of the most recent simulated consolidated financial statements of the group company, the total transaction price is expected to be approximately RMB 2.312 billion. Red Star Macalline stated that this transaction is in line with the company’s development strategy of “light assets, heavy operations, and lower leverage”, which will help the company focus more on its main business and focus on high-quality resources for business development. It aims to further improve the company’s asset profitability and further reduce The debt ratio of the company. (Gelonghui)

　　Red Star Macalline(1528.HK) rose 4.76% to HK$4.84, with a total market value of HK$18.9 billion.Macalline(601828.SH) also rose 5.25%.Red Star MacallinereleaseannouncementSaid that on June 2, 2021, the company,MacallineLogistics intends to transfer all the equity of its seven holding subsidiaries and all the debtors’ rights of the seller to the target company to Tianjin Yuanchuan Investment Co., Ltd. or the party designated by the cooperation framework agreement.According to the most recent simulation merger of the group companyFinancial StatementsIt is estimated that the total price of this transaction is approximately RMB 2.312 billion.Red Star MacallineSaid that this transaction is in line with the company’s development strategy of “light assets, heavy operations, and lower leverage”, which will help the company focus more on its main business and focus on high-quality resources to develop its business. It aims to further improve the company’s asset profitability and further reduce the company’s debt ratio. .

(Source: Gelonghui)

(Editor in charge: DF532)