Glonghui May 24 丨 Financial Street (000402nodepositroulette.SZ) announced that according to the company's business development needs, after review and approval at the 20th meeting of the company's 10th board of directors, the board of directors agreed that the company's controlling subsidiary Financial Street Huizhou Real Estate Co., Ltd.(hereinafter referred to as "Huizhou Real Estate") will holdnodepositrouletteSheraton Huizhou Hotel was transferred to a related party Beijing Jinhao Real Estate Development Co., Ltd.(hereinafter referred to as "Jinhao Company"), and the Asset Transfer Cooperation Agreement was signed. The asset transfer price of this transaction shall not be lower than the assessed value of the asset, and the assessed value of the asset shall be subject to the assessment results approved by the state-owned assets regulatory authority. Taking February 29, 2024 as the benchmark date for evaluation, the cost method was adopted for evaluation, and the evaluated value of the underlying assets of the transaction was 274.8905 million yuan.
It is reported that the target of this transaction is Sheraton Huizhou Hotel, which is located in the seaside tourist resort of Xunliao Town, Huidong County, Huizhou City. Since July 2006, Sheraton Huizhou Hotel has been entrusted to Sheraton Overseas Management Company for management. The hotel property has obtained a real estate certificate and has not been mortgaged.
The announcement shows that the company continues to promote the optimization of its self-sustaining property structure. In the past three years, the company has negotiated with multiple groups of market customers on the transfer of Sheraton Huizhou Hotel, but none of the customers have expressed a clear intention to purchase. Financial Street Group is a wholly-owned company, and Jinhao Company is the main management entity of its hotel business segment. According to business development needs, Jinhao Company negotiated with the company to acquire Sheraton Huizhou Hotel at a fair evaluation price, which is conducive to further implementation of professional management. After the completion of this transaction, the company will not have horizontal competition with Financial Street Group and Jinhao Company.
The company's transfer of Sheraton Huizhou Hotel to Jinhao Company this time will help the company withdraw funds and improve the company's asset turnover efficiency and solvency. The impact of this transfer on the company's current net profit attributable to the parent company is approximately RMB-59.31 million.