Blonde technology sells 75% of real estate subsidiaries by 554 million

Blonde Technology (600143) announced in the evening of Monday, the company will be 554 million Yuan transfer subsidiary Changsha Sunart Real Estate 75% Equity, the transferee for the Guangzhou Integrity Investment Management Co.　　Shi Min, the company's controlling shareholder, holds a 51% per cent stake in Guangzhou Chengxin Investment Management Co., which constitutes a major related transaction.　　By the end of last year, Changsha Sunart real estate net worth is 461 million, net profit is 30.7666 million yuan, the whole equity appraisal result is 739 million yuan. The purpose of this transaction is to focus on modified plastics and chemical new materials, raise funds to speed up the company's Tianjin, Kunshan, Jiangsu and other manufacturing base construction progress, and further strengthen the company's chemical new materials industry dominance, solve the shortage of construction funds contradictions, reduce the ratio of assets and liabilities and financial costs.