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Xiamen Xinda currently holds a 6% stake in Sanan Electronics. Taking July 31, 2014 as the benchmark date, the book value of Sanan Electronics' net assets was -14,968,200 yuan, with an estimated value of 977,673,500 yuan and an evaluation value of 992,641,700 yuan.
Xiamen Xinda said that the transfer of part of Sanan Electronics' equity is beneficial to the company to revitalize assets, recover funds, reduce financial costs, and expand other viable projects. 
Xiamen Xinda 320 million listed to transfer 3.3% equity of Sanan Electronics
Xiamen Xinda (000701) announced on the evening of the 24th that the company will hold the equity of Xiamen Sanan Electronics Co., Ltd. (referred to as "Sanan Electronics") at no less than 32.26 million yuan, and will be publicly listed and transferred at Xiamen Property Rights Exchange Center. The shareholding ratio does not exceed 3.3%. The current counterparty is still uncertain.