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Blu-ray development: intends to transfer the control rights of Blu-ray Garbo to Country Garden Services

original title:[公司]Blu-ray development: intends to transfer control of Blu-ray Garbo service to Country Garden Service


  Blu-ray development(600466)ReleaseannouncementSaid that the proposed holdingBlu-ray Garbo Service(2606.HK) 64.6203%SharesTransfer toCountry Gardenservice(6098.HK) SubordinatesWholly-owned subsidiaryCountry GardenProperty Hong Kong Holdings Limitedthe company

According to the announcement, on February 23, the company and its subsidiaries Blu-ray Hejun have signed relevant agreements with the transferee.EquityFramework agreement on cooperation intention, provisional valuation of the above equityRMB4846.5 million yuan, corresponding toBlu-ray Garbo ServiceRMB 42.1105 per share.

It is understood thatBlu-ray Garbo ServiceEstablished in 2000, it was successfully listed on the Hong Kong Stock Exchange in October 2019, the first company to land in Western ChinaHong Kong stocksPropertyenterprise. 2019 experienceauditAfterNet profitIs more than 450 million yuan, accounting for the same periodBlu-ray developmentNet profit10.89% of the total; and in the first half of 2020 its netprofitIs more than 240 million yuan, accounting for the same periodBlu-ray development16.17% of net profit.

It is worth pointing out that in August 2020, the regulatory authorities set a “three red lines” for real estate companies to restrict the debt ratio of real estate companies.According to “excluding the assets after advance collectionLiabilitiesThe ratio does not exceed 70%, the net debt ratio does not exceed 100%,cashThe short-term debt ratio is not less than 1 time” standard, the real estate enterprises are divided into four levels of “red, orange, yellow, and green”, and the growth threshold of interest-bearing debt has been set respectively. Compared with the requirements of “three red lines”, Blu-ray Development after excluding advance receipts in the first half of 2020Assets and liabilitiesSlightly higher than 70%, stepped on “a red line.”

The company stated that this transaction will help increase the company’s cash flow and promoteCore BusinessofOperatingAnd expand.

(Source: Panorama Network)

(Editor in charge: DF078)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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