ST Jihua to Acquire 49% Stake in Hubei Jihua Knitting for 99.093 Million Yuan, Achieving Full Ownership

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Summary · why it matters

ST Jihua announced that it plans to acquire a 49% stake in Hubei Jihua Knitting Co., Ltd. from Xinxing Jihua Investment Co., Ltd. for 99.093 million yuan. After the transaction, ST Jihua will directly and indirectly hold 100% of Hubei Jihua Knitting, achieving full ownership. This transaction constitutes a related-party transaction but does not constitute a major asset restructuring.

Impact on assets 1

Others▲
Jihua Group Corp Ltd
601718
▲ PositiveCapitalrelevance

ST Jihua acquires remaining 49% stake in subsidiary for 99.093 million yuan, achieving full ownership.

Off-coverage companies 2

新兴际华投资有限公司i
Private▼ NegativeCapitalrelevance

Xinxing Jihua Investment sells its 49% stake in Hubei Jihua Knitting, losing ownership.

湖北际华针织有限公司i
Private± MixedCapitalrelevance

Hubei Jihua Knitting becomes wholly owned by ST Jihua; impact on its operations not specified.