COUNTRY GARDEN plans to sell approximately 11.063% of its shares in Blue Arrow Aerospace, with the proceeds intended for construction expenses related to ensuring delivery of buildings and other projects
Country Garden plans to sell approximately 11.063% of its shares in Blue Arrow Aerospace, with the proceeds to be used for construction expenses related to ensuring delivery of buildings and other projects. The seller and buyer have signed a share transfer agreement to sell 15,798,100 shares for a total price of RMB 770 million. In addition, the seller will also sell 10,977,800 shares for a total price of RMB 535 million. The company stated that this move will help alleviate liquidity pressure and realize equity value
According to the announcement from Country Garden (02007), on April 25, 2025, Seller One, Guangzhou Xinde Jiancheng Technology Investment Partnership (Limited Partnership), and Seller Two, Foshan Nanhai District Ruizheng Equity Investment Partnership (Limited Partnership) (both indirect non-wholly-owned limited partnerships of the company), entered into a share transfer agreement with Buyer One, Qingdao Haijin Xingyu Investment Development Partnership (Limited Partnership), and Blue Arrow Aerospace (as the target company). According to this agreement, the sellers agreed to sell a total of 15,798,100 shares (equivalent to approximately 6.527% of Blue Arrow Aerospace) to Buyer One at a price of RMB 48.74 per share, with a total consideration of RMB 770 million.
Previously, on April 7, 2025, Seller One (as the seller) had entered into relevant existing share transfer agreements with Buyer Two, Buyer Three, Buyer Four (A), Buyer Four (B), Buyer Five, Buyer Six, and Buyer Seven (each as buyers under the relevant existing share transfer agreements) and Blue Arrow Aerospace (as the target company). According to this, Seller One agreed to sell to the existing buyers a total of 10,977,800 shares (equivalent to approximately 4.536% of Blue Arrow Aerospace) at the same price of RMB 48.74 per share, with a total consideration of RMB 535 million.
The announcement stated that the group is actively resolving phase liquidity pressure. As the group only holds a minority interest in Blue Arrow Aerospace, the company believes that entering into such share transfer agreements and realizing the value of its equity in Blue Arrow Aerospace will be beneficial for the company. The company intends to use the proceeds as general working capital for the group, currently planning to primarily use it for project construction expenses such as ensuring the delivery of buildings
