CHINA RISUN GP plans to sell Xingtai Xuyang Materials for 54.6862 million yuan
CHINA RISUN GP announced that it will sell all the equity of its wholly-owned subsidiary Xingtai Xuyang Material New Technology Co., Ltd. for 54.6862 million yuan. Since its establishment, the company has not engaged in substantive operations and is now planning to construct a porous carbon project. The sale is expected to bring approximately 33.7693 million yuan in revenue, and the board believes that this move is beneficial for realizing the intrinsic value of the target company's assets
According to the announcement from CHINA RISUN GP (01907), on October 31, 2025, the company's wholly-owned subsidiary, RISUN Group, signed a share transfer agreement with RISUN New Energy. Under this agreement, RISUN Group agrees to sell and RISUN New Energy agrees to purchase all shares of the target company (Xingtai RISUN Material New Technology Co., Ltd.) for a consideration of RMB 54.6862 million.
Since its establishment, the target company has not officially commenced substantive business operations and is currently planning to construct a porous carbon project to build a high-end porous carbon industry base.
The company expects to achieve a profit of approximately RMB 33.7693 million from the sale. Given that the target company has not generated profits for the group, the company believes that selling the target company will realize the intrinsic value of the target company's assets (mainly the land use rights held by the target company) and confirm the profits from the sale. The board believes that the sale is a favorable arrangement for the group
