Xiamen Xinda: Transfer of Sanan Electronics' equity is expected to make a profit of 186 million yuan

On the evening of June 28, Xiamen Xinda announced the progress of the equity transfer of Xiamen Sanan Electronics. On May 30, the company listed 4% equity of Sanan Electronics in Xiamen Property Rights Exchange Center, with a listed price of 251 million yuan. Upon the expiration of the listing announcement, Sanan Group became the sole intended transferee of this equity transfer. After the completion of the transfer, Xiamen Xinda still holds a 6% stake in Sanan Electronics.

According to the data, Sanan Group holds a 71.5% stake in Sanan Electronics, Li Zhongxing holds a 13.3% stake, Liao Mingyue holds a 5.2% stake, and Xiamen Xinda holds a 10% stake. Sanan Electronics has no actual production and operation activities, but has equity investment in listed company Sanan Optoelectronics, which owns 506 million shares of Sanan Optoelectronics, accounting for 35.02% of Sanan Optoelectronics' total share capital, making it the largest shareholder.

According to the company's development strategy, the equity transfer is to further strengthen investment in the company's main business, which is conducive to revitalizing assets, recovering funds, reducing financial costs, and expanding other viable projects. The impact of this equity transfer on the company's total profit for the year was approximately 186 million yuan. In 2012, the company's net profit was 77.96 million yuan.

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