In the case of net profit losses in 2018 and the first three quarters of 2019，Rheinland 188bet online live casino (000558) begins to shed its burden。Evening of December 8th，Rhine 188bet online live casino Disclosure Announcement，The company plans to sell the equity of two loss-making companies to the related party Chengdu Culture and Tourism Development Group Co., Ltd. (hereinafter referred to as "Chengdu Culture and Tourism Group")，The total price of the transferred assets is approximately 300 million yuan。

Look at the details，To optimize the asset structure，Highlight the main business，Rheinland 188bet online live casino will hold 100% equity of Rheinda Western 188bet online live casino Development Co., Ltd. (hereinafter referred to as "Western 188bet online live casino")、100% equity transfer of Laiyinda 188bet online live casino Town Construction and Development Co., Ltd. (hereinafter referred to as "Lyin Town") to Chengdu Cultural Tourism Group。Based on the evaluation results，After negotiation between both parties，The transaction price of 100% equity of Western 188bet online live casino is determined to be approximately 1.7.7 billion yuan，100% equity transaction price of Rhine Town is approximately 1.2.3 billion yuan，The total transaction price of the two companies is approximately 300 million yuan。

Rhine 188bet online live casino Express，Since the company’s controlling shareholder Chengdu 188bet online live casino Industry Investment Group Co., Ltd. is a wholly-owned subsidiary of Chengdu Cultural Tourism Group, the takeover party，According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules"，This transaction constitutes a related transaction。

For the purpose and impact of this related transaction，Rhine 188bet online live casino Express，After the completion of this equity transfer，The scope of the company’s consolidated statements will change，Western 188bet online live casino、The Rhine Town will no longer be included in the company's consolidated statements。The transfer of equity interests in wholly-owned subsidiaries will help optimize the company’s asset structure，Highlight the main business，Comprehensively accelerate the transformation of the company’s 188bet online live casino industry。

According to the announcement，Western 188bet online live casino, the target of this transaction, was established in April 2017，Business scope includes stadium construction；Construction of 188bet online live casino commercial facilities；188bet online live casino activity organization and planning；188bet online live casino Venue Design、Construction、Management and equipment installation, etc.。Financial data display，In 2018 and January-October 2019, Western 188bet online live casino achieved operating income of approximately 553, respectively.540,000 yuan、370.860,000 yuan；The corresponding net profit realized in the current period is approximately -1662.50,000 yuan、-1478.120,000 yuan。

The Rhine town that is the subject of the transaction was established slightly later than Western 188bet online live casino，Established in August 2017，Business scope includes real estate development and operation；Industrial Investment；Real Estate Leasing；Property Services；Design of interior decoration projects、Construction, etc.。Financial data display，In 2018 and January to October 2019, the operating income of Rhine Town was 0 yuan；The corresponding net profit realized in the current period is approximately -458.720,000 yuan、-286.960,000 yuan。

It’s not hard to see，The net profit of the transaction target sold by Rhine 188bet online live casino has been in the red in recent years。What is worth mentioning is，The Chengdu Cultural Tourism Group, the takeover party of this transaction, is also not optimistic about its profitability。

Data display，Chengdu Cultural 188bet online live casino Group was established in March 2007，Since its establishment，Built wide and narrow alleys successively、Xiling Snow Mountain、“Tianfu Ancient Town” series and other cultural 188bet online live casino brand projects。Currently，There are 7 scenic spots open to the public under Chengdu Cultural 188bet online live casino Group，There are 4 4A-level scenic spots，Chengdu Cultural 188bet online live casino Group’s overseas marketing network expands to 4 continents around the world、19 countries and regions。In January-September 2019, Chengdu Cultural 188bet online live casino Group achieved an operating income of approximately 10.3.6 billion yuan，The corresponding net profit for the current period is approximately -23.44 million yuan。

It should be pointed out that，Both the two properties sold by Rhine 188bet online live casino still owe the company more than 40 million yuan。Among them，Western 188bet online live casino still owes Rhine 188bet online live casino 4093 funds due to the project construction needs of Tonglu Company.010,000 yuan，As agreed，Interest is calculated from the date the funds are used，The interest rate is 8% per year，Western 188bet online live casino promises to pay off the principal and interest before December 31, 2019；Rhine Town still owes Rhine 188bet online live casino 4120 funds for the land payment for the Wuxi Xidong project.690,000 yuan，Rhine Town promises to return everything before the end of June 2020。

The sale of assets by Rhine 188bet online live casino is not unrelated to the pressure on the company’s performance。Rhine 188bet online live casino also confessed in the announcement，After the completion of the sale of equity interests in the two companies，The company’s financial indicators and operating conditions will be significantly improved and enhanced。

As understood，Rheinland 188bet online live casino’ main business includes 188bet online live casino business、Real estate sales and leasing business、Three major sectors including energy business。In 2018 and the first three quarters of 2019, Rhine 188bet online live casino achieved negative attributable net profits，Among them, the attributable net profit achieved in 2018 was approximately -61.12 million yuan，Achieved attributable net profit of approximately -60.11 million yuan in the first three quarters of 2019，If the company cannot turn losses into profits in 2019，Also faces a greater risk of "wearing a star but wearing a hat"。

Against the backdrop of pressure on the company’s performance，The share price of Rheinland 188bet online live casino has already begun to be voted by investors with their feet，Looking at the form of restoration of rights in the future，The company’s stock price has been falling since mid-2015。Rough statistics of Oriental Fortune data，June 2015 to present，The cumulative decline in Rhein 188bet online live casino stock price range has exceeded 80%。

For related questions，A reporter from Beijing Business Daily called the office of the Secretary of the Board of Directors of Rhine 188bet online live casino for an interview，But no one answered the call。

*thisWen LaiSource: Beijing Business Daily, Author: Dong Liang, Ma HuanChange, original title: "Sold shares of two companies, Rheinland 188bet online live casino sheds the burden 》.