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Cosmos Machinery agrees to sell Cosmos Grand Plastics stake for RMB 48 million

PUBT·08/13/2026 12:33:42
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Cosmos Machinery agrees to sell Cosmos Grand Plastics stake for RMB 48 million
  • Cosmos Machinery agreed to sell its entire stake in PRC unit Cosmos Grand Plastics to Hefei Gelanmei New Materials for RMB 48 million.
  • Deal signed Aug. 13, 2026; Cosmos Grand Plastics makes plastic components for home appliances.
  • Buyer to pay RMB 14.4 million on completion of equity-transfer registration and FX steps; RMB 33.6 million due within three months.
  • Purchaser to lodge RMB 15 million earnest money within seven business days; refunded if conditions fail or after first installment.
  • Transaction expected to generate an estimated loss of about HK$ 34.83 million; proceeds earmarked for working capital or future investments.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cosmos Machinery Enterprises Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260813-12283517), on August 13, 2026, and is solely responsible for the information contained therein.