---
title: "Kangxin New Materials has completed the industrial and commercial change registration for the transfer of 60% equity in its subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260388990.md"
description: "Kangxin New Materials Co., Ltd. approved the proposal to transfer 60% of the equity of its controlling subsidiary Hubei Tianxin Wooden Structure Housing Manufacturing Co., Ltd. on April 25, 2025, with an initial listing price of RMB 62.7014 million. After adjustments, the final transfer price was RMB 60.5925 million, with the acquirer being Hubei Ruicheng Cultural Tourism Co., Ltd. The equity transaction and business registration changes have been completed, and Hubei Kangxin no longer holds equity in Tianxin Company"
datetime: "2025-10-09T07:36:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260388990.md)
  - [en](https://longbridge.com/en/news/260388990.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260388990.md)
generator: "portal-rs"
---

# Kangxin New Materials has completed the industrial and commercial change registration for the transfer of 60% equity in its subsidiary

On April 25, 2025, Kangxin New Materials Co., Ltd. reviewed and approved the proposal to publicly transfer 60% of the equity of its controlling subsidiary, Hubei Tianxin Wooden Structure Housing Manufacturing Co., Ltd. The transferor is its wholly-owned subsidiary Hubei Kangxin, with an initial listing price of 62.7014 million yuan. It was officially listed on June 13, and the first round of listing ended on July 24 without attracting a buyer. On July 30, the company adjusted the transfer price to 60.5925 million yuan, and on August 1, it was listed for the second time, attracting a buyer, Hubei Ruicheng Cultural Tourism Co., Ltd. As of now, Hubei Kangxin has received all payment, completed the equity transaction and industrial and commercial change registration, and no longer holds equity in Tianxin Company, which is also no longer included in the consolidated financial statements

### Related Stocks

- [600076.CN](https://longbridge.com/en/quote/600076.CN.md)

## Related News & Research

- [Anhui Conch Cement declares 2026 interim dividend of RMB 0.13 per share](https://longbridge.com/en/news/297052016.md)
- [ReVolve Renewable Power secures MXN 450 million project financing facility with Banco Multiva](https://longbridge.com/en/news/297172638.md)
- [Northam Platinum Holdings publishes audited FY2026 annual financial results report](https://longbridge.com/en/news/297267390.md)
- [03:39 ETWalovi Accelerates Global Push with WALOVI Singapore HQ Launch and Trio of Southeast Asia Deals](https://longbridge.com/en/news/297003145.md)
- [Controladora Axtel receives takeover bid offering MXN 1.22 per share](https://longbridge.com/en/news/297240332.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**