Under the debt crisis, the Ningbo Shanshan group is initiating self-rescue. Ningbo Shanshan Co., Ltd. (hereinafter referred to as "Ningbo Shanshan", 600884.SH) disclosed in its latest announcement that at the 14th meeting of the 11th Board of Directors held on December 9, the company agreed with Ningbo Haishu Chengcheng Ecological Construction Co., Ltd. on the disposal of the construction land usage rights of 208,467.82 square meters located at No. 238 Yunlin Middle Road, No. 80 Shanhai Road, and No. 218 Yunlin Middle Road in Haishu District, Ningbo, along with all buildings (including decoration), equipment, and other ancillary facilities (and signed the corresponding agreement). Ningbo Haishu Chengcheng Ecological Construction Co., Ltd. is 100% owned by Ningbo Haishu High-tech Investment Holding Co., Ltd., and the actual controller is the State-owned Assets Management Center of Haishu District, Ningbo. The announcement stated that the price of the symbol assets is based on the asset evaluation results provided by Zhejiang Silver Credit Asset Appraisal Co., Ltd.'s "Asset Evaluation Report", and the transaction price has been mutually determined through negotiation to be 875.56 million yuan. (The Paper)

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“杉杉系”资金链危机何解?杉杉股份向宁波海曙国资出售近9亿资产
What is the solution to the "Ningbo Shanshan" financial chain crisis? Ningbo Shanshan sells nearly 0.9 billion Assets to Ningbo Haishu State-owned Assets.
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