Xingye Silver & Tin to Divest 60% Stake in Shuangyuan Nonferrous to Streamline Core Operations

Stock News03-03

Inner Mongolia Xingye Silver & Tin Mining Co., Ltd. (000426.SZ) has announced plans to sell its 60% equity interest in wholly-owned subsidiary Xilingol League Shuangyuan Nonferrous Metal Smelting Co., Ltd. The company will transfer 30% stakes each to Chenzhou Xiangxiang Logistics Co., Ltd. and Hainan Zhuyuan Industrial Co., Ltd. A share transfer agreement was signed with the acquirers on March 2, 2026, with the transaction value set at 208 million yuan through mutual negotiation. Shuangyuan Nonferrous primarily engages in nonferrous metal smelting, with fixed assets of 16.519 million yuan, construction in progress of 39,100 yuan, intangible assets of 19.2695 million yuan, and inventory of 6.0431 million yuan as of February 9, 2026. This divestment will enable the company to concentrate on its core business while optimizing its asset structure and resource allocation. The transaction is expected to generate approximately 321 million yuan in investment gains, positively impacting the company's net profit for the 2026 fiscal year.

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