Guizhou Kexin Management Consulting Co., Ltd. completed the acquisition of 66% stake in Zunyi Jinye Machinery Casting Co., Ltd. from Loncin Motor Co., Ltd. for approximately CNY 110 million.
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Guizhou Kexin Management Consulting Co., Ltd. completed the acquisition of a 66% stake in Zunyi Jinye Machinery Casting Co., Ltd. from Loncin Motor Co., Ltd. for approximately CNY 110 million. The transaction was finalized on November 18, 2025, with a cash payment of CNY 105.6 million. Loncin Motor has received the full payment, and the industrial and commercial registration changes have been completed.
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