HUA YIN INTL H plans to sell all shares of HUA YIN INTL H (Dunhua) Co., Ltd. for 1 yuan
HUA YIN INTL H announced plans to sell its wholly-owned subsidiary HUA YIN INTL H (Dunhua) Co., Ltd. for 1 RMB. The company holds a 60% stake in HUA YIN ZIXIA and a 100% stake in HUA YIN ZIXIANGMEN, with the main assets being real estate projects in Dunhua City. Due to management's assessment that these two projects are unprofitable, the board believes that the sale is beneficial for the overall group
According to the Zhitong Finance APP, HUA YIN INTL H (00989) announced that on September 18, 2025, its indirect wholly-owned subsidiary Jilin Province Rongyu Investment Co., Ltd. intends to sell all the equity of HUA YIN INTL H (Dunhua) Co., Ltd. to Changchun Nabaili Trading Co., Ltd. for a price of RMB 1.0.
It is reported that the target company holds 60% equity of HUA YIN ZIXIA, with its main asset being the land development expenses of a potential real estate project located in Dunhua City, China; it also holds 100% equity of HUA YIN ZIXIANGMEN, which currently has no business activities.
The announcement stated that the group has two property projects under preparation in Dunhua City, Jilin Province, China: one residential project and one comprehensive cultural tourism project. According to the recent reassessment by the management, both projects are unprofitable, and the required capital and development expenses do not align with the group's financial situation. Therefore, the board of directors believes that the sale is more suitable and beneficial for the overall group
