XUNZHONG to Divest 49% Stake in Subsidiary Jiangsu Hongluo

Stock News05-20

XUNZHONG (02597) announced that, in line with the company's operational development plan, Beijing XUNZHONG Communication Technology Co., Ltd. intends to transfer a 49% equity stake in its wholly-owned subsidiary, Jiangsu Hongluo Network Technology Co., Ltd. (Jiangsu Hongluo), to Shanghai Hongshun Entropy Technology Co., Ltd. (Shanghai Hongshun). The stake corresponds to a registered capital subscription of RMB 10 million, with a paid-in capital contribution of RMB 2.503 million.

The pricing for this equity transaction is based on Jiangsu Hongluo's registered capital. As the 49% stake being transferred corresponds to capital that has not yet been fully paid in, the transfer price is RMB 0. Upon completion of the equity transfer, Shanghai Hongshun will fulfill the corresponding capital contribution obligations according to the proportion of equity it acquires. Specific terms will be subject to the formal agreement signed by both parties.

Shanghai Hongshun is not a related party to the company, and this transaction does not constitute a connected transaction. The relevant equity transfer procedures will commence following approval by the company's board of directors. Upon completion, the company will retain a 51% stake in Jiangsu Hongluo, while Shanghai Hongshun will hold the remaining 49%.

This divestment of equity in a wholly-owned subsidiary is based on the company's overall strategic development considerations. It aims to optimize the business layout and investment structure, enabling the company to leverage partner resources to develop advantageous business segments, thereby enhancing overall profitability and core competitiveness.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1156202298?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-20 22:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1156202298","market":"hk","top_or_hot":-1,"title":"XUNZHONG to Divest 49% Stake in Subsidiary Jiangsu Hongluo","media":"Stock News","content":"<p>XUNZHONG (02597) announced that, in line with the company's operational development plan, Beijing XUNZHONG Communication Technology Co., Ltd. intends to transfer a 49% equity stake in its wholly-owned subsidiary, Jiangsu Hongluo Network Technology Co., Ltd. (Jiangsu Hongluo), to Shanghai Hongshun Entropy Technology Co., Ltd. (Shanghai Hongshun). The stake corresponds to a registered capital subscription of RMB 10 million, with a paid-in capital contribution of RMB 2.503 million.</p>\n<p>The pricing for this equity transaction is based on Jiangsu Hongluo's registered capital. As the 49% stake being transferred corresponds to capital that has not yet been fully paid in, the transfer price is RMB 0. Upon completion of the equity transfer, Shanghai Hongshun will fulfill the corresponding capital contribution obligations according to the proportion of equity it acquires. Specific terms will be subject to the formal agreement signed by both parties.</p>\n<p>Shanghai Hongshun is not a related party to the company, and this transaction does not constitute a connected transaction. The relevant equity transfer procedures will commence following approval by the company's board of directors. Upon completion, the company will retain a 51% stake in Jiangsu Hongluo, while Shanghai Hongshun will hold the remaining 49%.</p>\n<p>This divestment of equity in a wholly-owned subsidiary is based on the company's overall strategic development considerations. It aims to optimize the business layout and investment structure, enabling the company to leverage partner resources to develop advantageous business segments, thereby enhancing overall profitability and core competitiveness.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XUNZHONG to Divest 49% Stake in Subsidiary Jiangsu Hongluo</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXUNZHONG to Divest 49% Stake in Subsidiary Jiangsu Hongluo\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-05-20 22:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>XUNZHONG (02597) announced that, in line with the company's operational development plan, Beijing XUNZHONG Communication Technology Co., Ltd. intends to transfer a 49% equity stake in its wholly-owned subsidiary, Jiangsu Hongluo Network Technology Co., Ltd. (Jiangsu Hongluo), to Shanghai Hongshun Entropy Technology Co., Ltd. (Shanghai Hongshun). The stake corresponds to a registered capital subscription of RMB 10 million, with a paid-in capital contribution of RMB 2.503 million.</p>\n<p>The pricing for this equity transaction is based on Jiangsu Hongluo's registered capital. As the 49% stake being transferred corresponds to capital that has not yet been fully paid in, the transfer price is RMB 0. Upon completion of the equity transfer, Shanghai Hongshun will fulfill the corresponding capital contribution obligations according to the proportion of equity it acquires. Specific terms will be subject to the formal agreement signed by both parties.</p>\n<p>Shanghai Hongshun is not a related party to the company, and this transaction does not constitute a connected transaction. The relevant equity transfer procedures will commence following approval by the company's board of directors. Upon completion, the company will retain a 51% stake in Jiangsu Hongluo, while Shanghai Hongshun will hold the remaining 49%.</p>\n<p>This divestment of equity in a wholly-owned subsidiary is based on the company's overall strategic development considerations. It aims to optimize the business layout and investment structure, enabling the company to leverage partner resources to develop advantageous business segments, thereby enhancing overall profitability and core competitiveness.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1152","symbol_name":"无线电信业务","start_time":0,"source_url":"","article_id":"1156202298","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156202298","pubTimestamp":1779288027,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"XUNZHONG (02597) announced that, in line with the company's operational development plan, Beijing XUNZHONG Communication Technology Co., Ltd. intends to transfer a 49% equity stake in its...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1152":"无线电信业务","02597":"讯众通信"},"translate_title":"迅众将剥离子公司江苏红螺49%股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02597":1},"content_text":"XUNZHONG (02597) announced that, in line with the company's operational development plan, Beijing XUNZHONG Communication Technology Co., Ltd. intends to transfer a 49% equity stake in its wholly-owned subsidiary, Jiangsu Hongluo Network Technology Co., Ltd. (Jiangsu Hongluo), to Shanghai Hongshun Entropy Technology Co., Ltd. (Shanghai Hongshun). The stake corresponds to a registered capital subscription of RMB 10 million, with a paid-in capital contribution of RMB 2.503 million.\nThe pricing for this equity transaction is based on Jiangsu Hongluo's registered capital. As the 49% stake being transferred corresponds to capital that has not yet been fully paid in, the transfer price is RMB 0. Upon completion of the equity transfer, Shanghai Hongshun will fulfill the corresponding capital contribution obligations according to the proportion of equity it acquires. Specific terms will be subject to the formal agreement signed by both parties.\nShanghai Hongshun is not a related party to the company, and this transaction does not constitute a connected transaction. The relevant equity transfer procedures will commence following approval by the company's board of directors. Upon completion, the company will retain a 51% stake in Jiangsu Hongluo, while Shanghai Hongshun will hold the remaining 49%.\nThis divestment of equity in a wholly-owned subsidiary is based on the company's overall strategic development considerations. It aims to optimize the business layout and investment structure, enabling the company to leverage partner resources to develop advantageous business segments, thereby enhancing overall profitability and core competitiveness.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1156202298","isCrawlerRequest":true}