Tus-Design Group (300500.SZ) plans to divest its equity in Beijing Bilude and Shenzhen Bilude to focus on its core business.
Enlightenment Design (300500.SZ) announcement, the company plans to hold a controlling stake in its subsidiary Beijing Bilude Architectural Consulting Co., Ltd...
Tus-Design Group (300500.SZ) announced that the company plans to transfer 51% of the equity of its holding subsidiary, Beijing BILUDE Architectural Consultants Co., Ltd. (referred to as "Beijing BILUDE"), to its holding subsidiary, Shenzhen BILUDE Architectural Consultants Co., Ltd. (referred to as "Shenzhen BILUDE"), for a price of RMB 5,091,000. The company also plans to transfer 51% of the equity of Shenzhen BILUDE to Shenzhen Taihe DieXu Space Information Technology Co., Ltd. (referred to as "Taihe DieXu") for a price of RMB 6,254,800.
After the completion of the transaction, the company will no longer hold equity in Beijing BILUDE and Shenzhen BILUDE, and they will no longer be included in the company's consolidated financial statements. It is reported that this equity transfer can optimize resource allocation, reduce costs, focus on core business development, and enhance the company's profitability.
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