Tianjin Teda Co Ltd Announces Strategic Asset Sale
Tianjin Teda Co Ltd, an investment holding company based in Tianjin, China, has announced plans to sell its 100% stake in its wholly-owned subsidiary, Yangzhou Wanrun Construction Development Co Ltd, to its affiliate Tianjin Teda Asset Operation Management Co Ltd. The transaction, valued at approximately 25.93 billion CNH, is part of the company’s strategy to focus on its core ecological and environmental protection business by divesting non-core assets.
The sale is structured as a non-public agreement and is expected to be completed with cash payment. According to an asset valuation report by Tianjin Xingye Asset Evaluation Co Ltd, as of April 30, 2025, Yangzhou Wanrun’s net asset value was assessed at 25.93 billion CNH, with a marginal increase in value of 1.55 million CNH, representing a 0.06% appreciation. Following the completion of the transaction, Yangzhou Wanrun will be excluded from Tianjin Teda’s consolidated financial statements.
This transaction is classified as a related party transaction, given the involvement of Tianjin Teda Asset Operation Management Co Ltd. The strategic move aligns with Tianjin Teda’s ongoing efforts to streamline its operations and enhance focus on its primary business sectors, which include manufacturing polyester fibers, apparel, air and water filter materials, and pharmaceuticals.
Tianjin Teda Co Ltd, listed on the Shenzhen Stock Exchange, has a market capitalization of 5.62 billion CNH and a price-to-earnings ratio of 49.25. The company’s shares closed at 3.79 CNH on May 25, 2025, with a 52-week high of 5.17 CNH on November 7, 2024, and a low of 2.92 CNH on July 24, 2024.
The company has also announced plans to hold its 2025 Third Extraordinary Shareholders’ Meeting, as detailed in a recent notice. This meeting will likely address the implications of the asset sale and other strategic initiatives.
For further details on the transaction and related documents, Tianjin Teda Co Ltd has made available several reports and notices on its official website and through the Shenzhen Stock Exchange’s information platform.