KINGKEY SMART AGRI: Plans to transfer 100% equity of its subsidiary hotel management company, with an expected total amount of 650 million yuan

36Kr learned that KINGKEY SMART AGRI announced that the company intends to transfer its 100% equity in Shenzhen KINGKEY SMART AGRI Hotel Management Co., Ltd. to Guangdong Chengxi Kehui Investment Holdings Co., Ltd., with an expected total amount of 650 million yuan. This transaction is expected to increase the company's cash inflow, and the company will promptly dispose of large assets such as hotels and Longgang Smart Science Park properties, and accelerate the sales of real estate projects to promote capital recovery. The final transaction price will be based on the results of the formal evaluation report issued by the asset appraisal agency hired by the company. This transaction does not constitute a related party transaction, does not constitute a major asset restructuring, and does not require submission for shareholder meeting review