Red Bean's latest announcement
The latest announcement from Red Bean was about the company's intention to sell its printing and dyeing assets. According to the company's business development plan, in order to further enhance the company's industrial layout and focus on the development of the main business of men's wear, Red Bean Co., Ltd. plans to sell the printing and dyeing business to Nanguo Company and its wholly-owned subsidiary, Jiangsu Nanguo Red Bean textile technology co., Ltd. The transaction price was 78,455,100 yuan. The specific contents of the transaction included the sale of equipment assets to Nanguo Company at a transaction price of 29,172,100 yuan, and the sale of other assets other than equipment assets to Nanguo textile at a transaction price of 49,283,000 yuan. After the completion of the asset sale, Red Bean would no longer operate the printing and dyeing business. The above information came from Red Bean's announcement.
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