According to Zhitong Finance App, Guangzhou Agricultural Commercial Bank (01551) issued an announcement. On August 28, 2026, the board of directors approved the transaction, and the bank conditionally agreed to transfer the transferred assets. At the same time, the board of directors proposed to seek shareholders' approval and authorization, and the board of directors authorized other relevant parties to jointly or separately fully handle matters related to the transaction so that the board of directors and authorized persons could transfer the transferred assets during the validity period of the authorization. The final cost of this major transaction will depend on the final transaction price. The preliminary estimated total cost of the major transactions is estimated at around RMB 5.7 billion.
The assets to be transferred this time are debt assets enjoyed by the Bank in accordance with law, that is, certain credit assets held by the Bank. The rights, interests and obligations relating to the asset, arising from the right to request, demand, obtain and accept receivables, the total amount of any claim to be repaid, and the rights and powers relating to the execution and expression of the value of the asset shall be transferred from the Bank to the buyer. As of June 30, 2026, the principal amount of the assets to be transferred was approximately RMB 7.689 billion, the total interest amount was approximately RMB 1,632 billion, the total advance expenses were approximately RMB 30 billion, the total amount of liquidated damages was approximately RMB 978 million, and the total amount of debt was approximately RMB 10.329 billion (subject to the signing of the transfer contract). The pre-tax loss and net loss after tax of the transferred assets for the year ended 31 December 2025 were RMB533 million and $399 million respectively. The pre-tax loss and net loss after tax of the transferred assets for the year ended 31 December 2024 were RMB44 million and RMB33 million respectively. As of June 30, 2026, the book value of the transferred assets was approximately RMB 5.774 billion, taking into account already calculated asset impairment provisions, etc.
As of June 30, 2026, the transferred assets included the principal amount of loans issued and advances of RMB 7.689 billion, accounting for 100%, of which the principal amount of credit-related claims was RMB 193 million, accounting for about 2.51%; the principal amount of claims involving guarantees was RMB 2,717 billion, accounting for approximately 35.34%; and the principal amount of claims involving pledged claims was RMB 4.779 billion, accounting for approximately 62.15%. The main industrial distribution of the assets disposed of includes wholesale and retail, accommodation and catering, and construction.
After the transaction is completed, ownership of the transferred assets will be transferred from the Bank to the buyer, and the Bank will charge the corresponding cash price. The transaction will effectively enhance the Bank's risk resilience, improve operating efficiency and profitability, optimize the Bank's business structure and asset quality, and lay the foundation for achieving overall stable operation and long-term development.