36Kr learned that Meibang Apparel issued an announcement that the company intends to sell its 10.10% stake in Huarui Bank to Kaiquan Pump Industry in a cash transaction. The share transfer price was determined to be RMB1.4 per share, and the total share transfer price was RMB424.2 million. The announcement shows that after the sale of Huarui Bank shares in this transaction, Meibang Apparel will intend to divest assets with low correlation with the company's main business, realize the integration of the company's resources while focusing on the main business, and strengthen the company's competitiveness in related fields such as clothing design and sales, brand promotion and so on.
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