Hubei Ruicheng Culture and Tourism Co., Ltd. acquired 60% stake in Hubei Kangxin New Materials Technology Co., Ltd. from Kangxin New Materials Co., Ltd.
Hubei Ruicheng Culture and Tourism Co., Ltd. proposed to acquire 60% stake in Hubei Kangxin New Materials Technology Co., Ltd. from Kangxin New Materials Co., Ltd (SHSE:600076) for CNY 63 million on April 25, 2025. A cash consideration of CNY 62.7 million will be paid by Hubei Ruicheng Culture and Tourism Co., Ltd. As part of consideration, CNY 62.7 million is paid towards common equity of Hubei Kangxin New Materials Technology Co., Ltd. The deal was approved by board of Kangxin New Materials Co., Ltd.
Hubei Ruicheng Culture and Tourism Co., Ltd. completed the acquisition of 60% stake in Hubei Kangxin New Materials Technology Co., Ltd. from Kangxin New Materials Co., Ltd (SHSE:600076) on October 09, 2025.
Kangxin New Materials Co., Ltd., formerly Beida Jade Bird Huaguang Sci-Tech Co., Ltd, is principally engaged in the distribution and marketing of container floors, environment protection boards and building templates, as well as the cultivation and distribution of greening seedlings and wood products. Through its subsidiaries, the Company is also engaged in the design, construction, maintenance and technical consulting of timber structure engineering.
Hubei Ruicheng Culture and Tourism Co., Ltd. acquired 60% stake in Hubei Kangxin New Materials Technology Co., Ltd. from Kangxin New Materials Co., Ltd.
