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Jinteng Group (02011) subsidiary plans to sell 100% of Kaiyi Hubei's shares for 40 million yuan

Zhitongcaijing·12/19/2025 12:17:05
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Zhitong Finance App News, Jinteng Group (02011) announced that on December 19, 2025 (after the trading period), Kaiyi Guangdong, a subsidiary of the company, plans to sell all of Kaiyi (Hubei) Zipper Manufacturing Co., Ltd.'s shares to Yichuang (Hubei) Zipper Manufacturing Co., Ltd. at a cost of RMB 40 million. Kaiyi Hubei is mainly engaged in the manufacture and sale of zipper products.

The Group believes that the sale will enable the Group to streamline its operations and improve resource allocation and utilization; generate immediate cash inflows to enhance the Group's general working capital and explore further business and investment opportunities in the Group's existing business; and further optimize its business model to bring stable returns to the Group and its shareholders.