Zhixin Group agrees to sell ready-mix concrete unit for RMB 46.66 million

Zhixin Group Holding agreed to sell its 100% stake in Xiamen Zhixin New Material, including core ready-mix concrete assets, to state-owned Xiamen Special Zone Construction Investment for RMB 46.66 million. Net proceeds of approximately RMB 44.6 million will repay bank loans due in 2026. The transaction is expected to result in a pre-expense loss of about RMB 2.8 million.

Zhixin Group Holding is selling 100% of Xiamen Zhixin New Material to state-owned Xiamen Special Zone Construction Investment Construction Materials for RMB 46.66 million. * The deal covers the group’s core ready-mixed concrete production facilities, including the plant site in Xiamen, production lines, equipment, logistics assets, licenses. * Payment is staged: RMB 25 million within three business days of closing conditions, RMB 18.83 million on transfer completion, RMB 2.33 million within 60 days. * Net proceeds are expected at about RMB 44.6 million, earmarked for repayment of bank loans due in 2026. * Zhixin expects a pre-expense loss of about RMB 2.8 million, based on consideration versus the target’s RMB 49.5 million net book value. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhixin Group Holding Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260626-12218564), on June 26, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

02187