---
title: "ZHIXIN GP HLDG's subsidiary plans to sell all equity of Xiamen Zhixin New Materials for 46.662 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290970683.md"
description: "ZHIXIN GP HLDG announced that its wholly-owned subsidiary Xiamen Zhixin Building Materials plans to sell all equity of Xiamen Zhixin New Materials Co., Ltd. for RMB 46.662 million. The target company mainly holds ready-mixed concrete production facilities and related assets. The board believes that this move will help to monetize assets, integrate resources, and improve cash flow, with terms that are fair and reasonable, in line with the interests of the company and its shareholders"
datetime: "2026-06-26T13:09:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290970683.md)
  - [en](https://longbridge.com/en/news/290970683.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290970683.md)
---

# ZHIXIN GP HLDG's subsidiary plans to sell all equity of Xiamen Zhixin New Materials for 46.662 million yuan

According to the announcement from ZHIXIN GP HLDG (02187), on June 26, 2026 (after trading hours), the seller Xiamen ZHIXIN Building Materials Group Co., Ltd. (a wholly-owned subsidiary of the company) signed a sales agreement with the buyer Xiamen Special Economic Zone Construction Investment Building Materials Co., Ltd. and the company (as guarantor), whereby the seller conditionally agrees to sell and the buyer conditionally agrees to purchase the target equity (i.e., all the equity of the target company Xiamen ZHIXIN New Materials Co., Ltd.), with a total consideration of RMB 46.662 million (equivalent to approximately HKD 54 million).

The target company was established by the group in China, with the sole purpose of holding the group's main ready-mixed concrete production and other supporting facilities, which mainly include: (a) properties consisting of a piece of land located at No. 55 Guankou Avenue, Jimei District, Xiamen City, Fujian Province, China, and multiple buildings constructed on it; (b) ready-mixed concrete production lines and factories and equipment; and (c) logistics and other supporting assets, including trucks, office equipment, qualifications, and licenses.

The board believes that the sale provides a good opportunity for the group to realize satisfactory returns from these assets, consolidate financial resources for the development of environmentally friendly and lightweight building products or other better opportunities, and improve the overall cash flow and financial condition of the group.

The board (including independent non-executive directors) believes that the terms of the sales agreement are fair and reasonable, made on normal commercial terms, and that the sale is in the overall interests of the company and its shareholders

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