--- title: "HARSON plans to spend 27 million yuan to acquire a 45% stake in its controlling subsidiary Dongtai Hongyu" type: "News" locale: "en" url: "https://longbridge.com/en/news/262228274.md" description: "HARSON plans to acquire a 45% stake in its controlling subsidiary Dongtai Hongyu for 27 million yuan, increasing its shareholding from 55% to 100% after the transaction. Dongtai Hongyu is mainly responsible for the company's online leather shoe sales business, and the scope of consolidated financial statements will remain unchanged after the transaction" datetime: "2025-10-22T11:33:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/262228274.md) - [en](https://longbridge.com/en/news/262228274.md) - [zh-HK](https://longbridge.com/zh-HK/news/262228274.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/262228274.md) | [繁體中文](https://longbridge.com/zh-HK/news/262228274.md) # HARSON plans to spend 27 million yuan to acquire a 45% stake in its controlling subsidiary Dongtai Hongyu According to the announcement from Harson (603958.SH), the company plans to use its own funds of 27 million yuan to purchase a total of 45% equity in its controlling subsidiary Dongtai Hongyu E-commerce Technology Co., Ltd. (referred to as "Dongtai Hongyu") held by minority shareholders Wenzhou Mingyi Network Technology Co., Ltd. and Ms. Huang Jing. After the completion of this transaction, the company's shareholding in Dongtai Hongyu will increase from 55% to 100%. The target company is a controlling subsidiary of the company. The company's mid-to-high-end leather shoe business is mainly promoted and sold through online and offline channels, while the target company is primarily responsible for the online sales of leather shoes. There will be no changes in the scope of the company's consolidated financial statements before and after this transaction ### Related Stocks - [HARSON (603958.CN)](https://longbridge.com/en/quote/603958.CN.md) ## Related News & Research - [Indonesia cuts free meal budget as petrol prices soar](https://longbridge.com/en/news/281268779.md) - [UniCredit - as of YE25 group MREL equal to 30.6% of RWA, 10% of LRE](https://longbridge.com/en/news/281399909.md) - [How China's subsidy rollback has hit EV unicorn BYD's annual profits](https://longbridge.com/en/news/280900747.md) - [PetroChina Renews Financial Deal With Related Company](https://longbridge.com/en/news/280998322.md) - [BYD’s four-year profit run ends, eyes global markets as next engine of growth](https://longbridge.com/en/news/280859082.md)