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Zhongnan Corporation: Intends to transfer assets related to the water slag pipe belt machine for a sum of 58,497,200 yuan.

Jinshi data news on November 21st, Zhongnan Stock announced that, in order to revitalize the existing assets, the company plans to transfer the relevant assets of the sludge pipe belt conveyor to Shaogang Jiayang for 58.4972 million yuan protocol. The transaction target is the company’s relevant assets of sludge pipe belt conveyor, with an assessed value of 52.8509 million yuan (tax excluded). The main terms of the asset transfer protocol include: the transfer consideration is determined based on the assessed value at 58.4972 million yuan (tax included). The proceeds from the sale of the assets will be used for the company’s daily production and operation.

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