Baoxin Finance (01282) and Baoxin Real Estate (00299) It was announced that last day (19th), its non-wholly-owned subsidiary Shenzhen Baoxin Industrial signed a sales agreement with Baoneng Real Estate to acquire all shares of Shenzhen Baoneng Hengchuang Industrial, involving 300 million yuan (RMB). Same below).

According to the agreement, Baoneng Hengchuang has provided the company with financial support of 450 million yuan in property mortgages and about 29.98 million yuan in accounts receivable. At the same time, the company has provided financial support of about 800,000 yuan to Baoneng Hengchuang for guarantees and other accounts payable. The relevant financial support is expected to continue after completion.

The company believes that Shenzhen Baoneng Hengchuang Industrial indirectly holds interests in two major projects in Nanning, Guangxi Province, and that the company can establish its first project base in Nanning, the capital of Guangxi Province, through acquisitions. The above development projects are all in a relatively mature stage, and it is likely that they will reap profits and profits in the future.

Shenzhen Baoneng Hengchuang Industrial mainly invests in industrial development and information consulting. Its subsidiary Guangxi Shengze holds interests in two property development projects in Nanning, namely Nanning Wuxiang New Area World Financial Center and Nanning Wuxiang Lake No. 1.

Shenzhen Baoxin Industrial currently owns 85% of Baoxin Land's shares indirectly, and an independent third party, Shenzhen Kexin Times Industrial owns 15% of the rights.

(Editor in charge: DF513)