3 days 2 boards Baoying Stock: Intends to sell 100% equity of Baoying Construction to the controlling shareholder

Golden Ten Data News on October 30th, Bay Eagle announced that the company is planning a major asset sale, intending to sell 100% equity of Bay Eagle Construction held by its controlling shareholder, Dahengqin Group. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring. This transaction is still in the planning stage and there is uncertainty. Through this transaction, the company will dispose of Bay Eagle Construction’s related assets and liabilities, which is beneficial to accelerate the overall direction of strategic layout, improve the company’s asset quality, and enhance its sustainable operating and profit-making capabilities. This transaction is a major asset sale, and Dahengqin Group intends to pay the transaction price by combining debt and cash, without affecting the company’s equity structure.