*ST Guangtang to sell stakes in Yunou Logistics and Nantang Seed for 488 million yuan

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Summary · why it matters

*ST Guangtang announced on October 8 that it plans to transfer its 99.90% stake in Yunou Logistics and 100% stake in Nantang Seed to Guangxi Guangnong Supply Chain Group Co., Ltd., for a total transaction price of 488 million yuan. Through this transaction, the company will divest its logistics and warehousing business as well as its sugarcane seedling cultivation and sales business, focusing more on its machine-made sugar business.

Impact on assets 1

Others▲
Nanning Sugar Industry Co Ltd
000911
▲ PositiveCapitalrelevance

*ST Guangtang divests logistics and sugarcane seedling units for 488 million yuan to focus on its machine-made sugar business, a restructuring move benefiting the listed sugar company.

Off-coverage companies 3

南宁云鸥物流股份有限公司i
Private± MixedCapitalrelevance

Yunou Logistics is the asset being sold, with its 99.90% stake transferred to Guangxi Guangnong Supply Chain Group for part of the 488 million yuan.

广西南糖种业有限公司i
Private± MixedCapitalrelevance

Nantang Seed is the asset being sold, with its 100% stake transferred to Guangxi Guangnong Supply Chain Group for part of the 488 million yuan.

广西广农供应链集团有限公司i
Private± MixedCapitalrelevance

Guangxi Guangnong Supply Chain Group is the acquirer of the Yunou Logistics and Nantang Seed stakes for 488 million yuan.