Hangzhou Jingqi Electronic Information Partnership Enterprise (Limited Partnership) signed share transfer agreements to acquire 5% stake in Yinchuan Xinhua Commercial Co., Ltd. from Wumei Technology Group for approximately CNY 150 million.
Hangzhou Jingqi Electronic Information Partnership Enterprise (Limited Partnership) signed share transfer agreements to acquire 5% stake in Yinchuan Xinhua Commercial (Group) Co., Ltd. (SHSE:600785) from Wumei Technology Group for approximately CNY 150 million on January 13, 2026. A cash consideration valued at CNY 13 per share will be paid by Hangzhou Jingqi Electronic Information Partnership Enterprise (Limited Partnership). In a related transaction, Xiamen Lianxinmei Enterprise Management Partnership Enterprise (Limited Partnership) signed share transfer agreements to acquire 5% stake in Yinchuan Xinhua Commercial (Group) Co., Ltd. (SHSE:600785) from Wumei Technology Group.
This transaction still requires the compliance review and confirmation from Shanghai Stock Exchange.
Yinchuan Xinhua Commercial Group Co Ltd is a China-based company mainly engaged in retail, logistics and commercial property leasing. The retail business mainly involves department stores, shopping centers, supermarket chains, electrical appliances and telecommunications chains. The Company's businesses cover the entire Ningxia region and Inner Mongolia, Shaanxi, Gansu, Qinghai and other provinces.
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Hangzhou Jingqi Electronic Information Partnership Enterprise (Limited Partnership) signed share transfer agreements to acquire 5% stake in Yinchuan Xinhua Commercial Co., Ltd. from Wumei Technology Group for approximately CNY 150 million.
