Shanghai Sanmao (600689): 90% Equity Interest In The Pfer Of Mao FA Property Has Received The Certificate Of Title Paction.

Shanghai Sanmao (600689) 22 evening announcement said that the ninth session of the board of directors of the first provisional meeting in 2018 and the first provisional shareholders' meeting in 2019 to consider and adopted the "proposal to pfer the Shanghai Maoming Property Management Co., Ltd. 90% equity bill", the company intends to set up the base price of the RMB 18 million 504 thousand and 700 yuan, through the Shanghai joint equity exchange publicly listed pfer company held by Shanghai Maoming Property Management Co., Ltd. 90% equity.

Audited, Shanghai Gao long Enterprise Management Co., Ltd. meets the requirements of the pferee.

At present, the company has signed the "Shanghai property rights trading contract" with Shanghai Gao long Enterprise Management Co., Ltd. the paction price is 18 million 504 thousand and 700 yuan for the people.

The company has paid all the paction price to the Shanghai stock exchange under the agreed time limit.

In May 22, 2019, the company received the certificate of title paction issued by the Shanghai joint stock exchange.

According to the "Shanghai property rights paction contract" signed by the two sides, the stock exchange will distribute the entire price to the designated bank account within 3 working days after the issuance of the certificate of property rights paction and the application by the company.

In addition, the parties to the paction shall, within 30 working days after obtaining the certificate of property rights issued by the stock exchange, cooperate with the underlying enterprises in the registration of warrants for the paction of property rights.

Shanghai Sanmao said that after preliminary calculation, the impact of the completion of the paction on the net profit of the company's current consolidated statements is about 11 million yuan, and the specific amount is determined by the annual audit confirmation of the accounting firm.

After the paction is completed, the company will no longer hold the equity of Maoming property.