---
title: "Kangxin New Materials transfers 60% equity of its subsidiary, focusing on core business after the transaction"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258649473.md"
description: "Kangxin New Materials Co., Ltd. transferred 60% equity of its wholly-owned subsidiary Hubei Kangxin through Wuxi Property Rights Exchange Center, with an initial appraisal value of 62.7014 million yuan, and ultimately concluded at 60.5925 million yuan. This transaction will optimize resource allocation, focus on core business, and Tianxin Company will no longer be included in the consolidated financial statements. The transaction price is fair and does not harm the interests of shareholders. The company will cooperate in handling the property rights change and remind investors to pay attention to risks"
datetime: "2025-09-24T08:04:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258649473.md)
  - [en](https://longbridge.com/en/news/258649473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258649473.md)
---

# Kangxin New Materials transfers 60% equity of its subsidiary, focusing on core business after the transaction

On April 25, 2025, Kangxin New Materials Co., Ltd. agreed that its wholly-owned subsidiary Hubei Kangxin would publicly transfer 60% of Tianxin Company's equity through the Wuxi Property Rights Exchange Center, with an initial valuation of 62.5756 million yuan, later adjusted to 62.7014 million yuan. The listing began on June 13, and by July 24, the initial listing period expired without attracting any interested buyers. On July 30, the company lowered the transfer price to 60.5925 million yuan, and on August 1, it was relisted, attracting the buyer Hubei Ruicheng Cultural Tourism Co., Ltd. Recently, both parties signed the contract, and the buyer has completed the payment. This transaction is beneficial for the company to optimize resource allocation and focus on core business. After completion, Tianxin Company will no longer be included in the consolidated financial statements, and the price is fair, with no harm to shareholder interests. The company will cooperate in handling the property rights transfer and remind investors to pay attention to risks

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