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Sky Dragon Group to sell Shanghai Yalian subsidiary

May 28, 2025 at 05:22 PM UTCBy FilingReader AI

Guangdong Sky Dragon Printing Ink Group (SZSE:300063) announced it will sell its 100% stake in Shanghai Yalian Oil Ink Chemical Co. to Taicang Chenghe Yue Machinery Equipment Co. The decision was approved at the company’s 29th board meeting. After the transaction, Shanghai Yalian will no longer be included in the scope of Sky Dragon's consolidated financial statements. The transaction value is CNY 3,819,490.00. An additional CNY 1,369,490.00 in debt owed by Shanghai Yalian to Sky Dragon will be transferred to Taicang Chenghe Yue and used to offset a portion of the equity transfer payment. According to an asset valuation report, as of March 31, 2025, Shanghai Yalian's equity was valued at CNY 3,805,250.00. The Sky Dragon Group said the sale is intended to focus on its core businesses and optimize its asset structure.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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