Yabang Shares has transferred 100% equity in Ningxia Yadong Chemical Co., Ltd., along with related claims, held by its controlling subsidiary Henglong Company, to Qingyuan Xinhao Management Consulting Co., Ltd. for RMB 74.0501 million. The first round of listing failed to close because the intended transferee did not pay the deposit on time. The second round had a reserve price of RMB 52.6001 million, and the deal was ultimately concluded at a premium through open bidding. Yabang Shares' main business is the production and sale of dyes and pesticides. Since 2019, its net profit after deducting non-recurring items has been in the red for seven consecutive years, with cumulative losses exceeding RMB 2.8 billion. However, in the first quarter of 2026, net profit attributable to the parent company rose 339.17% year-on-year to RMB 13.9863 million. The company stated that revitalizing idle assets has been an important task in recent years, aimed at optimizing resource allocation and strengthening its ability to withstand risks.
Jiangsu Yabang Dyestuff Co LtdTransferred subsidiary equity at a premium, generating cash and improving asset efficiency.