---
title: "Xingfa Chem: Wholly-owned subsidiary Baokang Chufeng intends to acquire 50% equity of Qiaogou Mining held by Yaohua Shares in cash, with a transaction price of 855 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254453631.md"
description: "Xingfa Chem announced that its wholly-owned subsidiary Baokang Chufeng intends to acquire a 50% stake in Qiaogou Mining held by Yaohua Shares for cash, with a transaction price of 855 million yuan. The funding will come from its own funds and bank loans. Upon completion of this transaction, Qiaogou Mining will become a wholly-owned subsidiary of the company. This transaction does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the \"Administrative Measures for Major Asset Restructuring of Listed Companies.\""
datetime: "2025-08-25T12:54:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254453631.md)
  - [en](https://longbridge.com/en/news/254453631.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254453631.md)
generator: "portal-rs"
---

# Xingfa Chem: Wholly-owned subsidiary Baokang Chufeng intends to acquire 50% equity of Qiaogou Mining held by Yaohua Shares in cash, with a transaction price of 855 million yuan

Xingfa Chem announced that its wholly-owned subsidiary Baokang Chufeng intends to acquire 50% equity of Qiaogou Mining held by Yaohua Co., Ltd. in cash, with a transaction price of 855 million yuan. The funding will come from its own funds and bank loans. Upon completion of this transaction, Qiaogou Mining will become a wholly-owned subsidiary of the company. This transaction does not constitute a related party transaction, nor does it constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."

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