Recently, Jingjiang Industry, a subsidiary of Jingzhou State-owned Assets, proposed a 2.437 billion yuan acquisition plan to acquire an 18.66% stake in ST East Group and achieve control through voting rights arrangements. This acquisition, focusing on the new energy power equipment sector, has become the sixth transaction of listed company control by Hubei State-owned Assets this year. In 2025, apart from ST East Group, Hubei Jiaotong Investment will acquire a 20.93% stake in Super Excellent Aerospace Technology, Hubei Cultural Tourism Group plans to acquire a 29.99% stake in SSAW Hotels & Resorts, and Yangtze River Industrial Investment Group will take control of Kailong Co., Ltd. and Taiji Co., Ltd. The five target companies span emerging industries such as new energy, semiconductors, and aerospace, outlining a blueprint for Hubei State-owned Assets to leverage the capital market to empower industrial upgrading
