Zhuhai Zhumian Group (600185.SH) Plans to Acquire Remaining 49% Stake in Duty-Free Company, Shares Suspended

Stock News11-11

Zhuhai Zhumian Group Co., Ltd. (600185.SH) has announced that on November 11, 2026, the company signed a Letter of Intent with Zhuhai Investment Holding Co., Ltd. ("Haitou Company") and Zhuhai Kangge Investment Co., Ltd. ("Kangge Investment").

The company is planning to acquire, through the issuance of shares and cash payment, a 26% equity interest in Zhuhai Duty-Free Enterprise Group Co., Ltd. ("Duty-Free Company") held by Haitou Company, and a 23% equity interest in the Duty-Free Company held by Kangge Investment, along with raising supporting funds.

Currently, the company already holds a 51% equity interest in the Duty-Free Company. Upon completion of this transaction, the Duty-Free Company will become a wholly-owned subsidiary of the company.

This transaction constitutes a related-party transaction and is expected to constitute a major asset restructuring. The transaction will not result in a change of the company's controlling shareholder or actual controller, and does not constitute a restructuring listing.

The company's shares will be suspended from trading starting from the market open on Thursday, November 12, 2026, with the suspension expected to last no more than 10 trading days.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment