Cmst Development Co.,Ltd. (600787.SH) Plans to Increase Capital in Zhongchu Hengke IoT Systems Co., Ltd. Through Debt-to-Equity Swap

Stock News09-19

Cmst Development Co.,Ltd. (600787.SH) announced that the company plans to transfer 65% of its debt claims in Zhongchu Hengke IoT Systems Co., Ltd. (hereinafter referred to as "Zhongchu Hengke") to China National Packaging Corporation (hereinafter referred to as "China Packaging"). On the date when the debt transfer transaction is completed, Cmst Development plans to convert all of its remaining 35% debt claims in Zhongchu Hengke into paid-in capital at a 1:1 ratio (each 1 yuan of debt claim corresponds to 1 yuan of new registered capital). Following the implementation of this debt-to-equity swap, the company's registered capital in Zhongchu Hengke will increase by 84.3145 million yuan. This transaction will benefit Cmst Development by enabling it to focus on its core business, enhance core competitiveness, and promote high-quality development. Upon completion of this transaction, the target company will no longer be included in the company's consolidated financial statements. This equity transfer will not adversely affect the company's production and operations, will not have a material adverse impact on the company's financial position, and will not harm the legitimate interests of the company and all shareholders.

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(600787.SH) Plans to Increase Capital in Zhongchu Hengke IoT Systems Co., Ltd. Through Debt-to-Equity Swap\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-09-19 17:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cmst Development Co.,Ltd. (600787.SH) announced that the company plans to transfer 65% of its debt claims in Zhongchu Hengke IoT Systems Co., Ltd. (hereinafter referred to as \"Zhongchu Hengke\") to China National Packaging Corporation (hereinafter referred to as \"China Packaging\"). 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