Kinetic Dev secures 100% stake in Taiyuan Seedland; offsets RMB 803.00 million prepayment

Bulletin Express07-09

On 8 July 2026, Kinetic Development Group Limited (Kinetic Dev) received approval from the Taiyuan Municipal Administrative Approval Service Bureau for the transfer of the entire equity interest in Taiyuan Seedland to its indirect wholly owned subsidiary, Kinetic Shanxi. Completion occurred on the same day, making Taiyuan Seedland an indirect wholly owned subsidiary of Kinetic Dev.

The transaction finalises the Taiyuan Seedland Acquisition announced between December 2025 and July 2026. As part of the closing, the RMB 803.00 million (approximately USD 111 million) prepayment previously made by Kinetic Qinhuangdao to the vendors under the 2022 Property Purchase Agreement—subsequently amended by the Supplemental Agreement—has been fully offset through the acquisition of other assets from the relevant companies.

The board of Kinetic Dev currently consists of seven directors: three executive directors—Chairman Ju Wenzhong, Chief Executive Officer Li Bo and Ji Kunpeng; one non-executive director—Zhang Lin; and three independent non-executive directors—Liu Peilian, Chen Liangnuan and Xue Hui.

No further financial metrics or operational details were disclosed in the announcement dated 9 July 2026.

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/1162367855?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-09 17:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1162367855","market":"us","top_or_hot":-1,"title":"Kinetic Dev secures 100% stake in Taiyuan Seedland; offsets RMB 803.00 million prepayment","media":"Bulletin Express","content":"<p>On 8 July 2026, Kinetic Development Group Limited (Kinetic Dev) received approval from the Taiyuan Municipal Administrative Approval Service Bureau for the transfer of the entire equity interest in Taiyuan Seedland to its indirect wholly owned subsidiary, Kinetic Shanxi. Completion occurred on the same day, making Taiyuan Seedland an indirect wholly owned subsidiary of Kinetic Dev.</p>\n<p>The transaction finalises the Taiyuan Seedland Acquisition announced between December 2025 and July 2026. As part of the closing, the RMB 803.00 million (approximately USD 111 million) prepayment previously made by Kinetic Qinhuangdao to the vendors under the 2022 Property Purchase Agreement—subsequently amended by the Supplemental Agreement—has been fully offset through the acquisition of other assets from the relevant companies.</p>\n<p>The board of Kinetic Dev currently consists of seven directors: three executive directors—Chairman Ju Wenzhong, Chief Executive Officer Li Bo and Ji Kunpeng; one non-executive director—Zhang Lin; and three independent non-executive directors—Liu Peilian, Chen Liangnuan and Xue Hui.</p>\n<p>No further financial metrics or operational details were disclosed in the announcement dated 9 July 2026.</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>Kinetic Dev secures 100% stake in Taiyuan Seedland; offsets RMB 803.00 million prepayment</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\">\nKinetic Dev secures 100% stake in Taiyuan Seedland; offsets RMB 803.00 million prepayment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-07-09 17:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On 8 July 2026, Kinetic Development Group Limited (Kinetic Dev) received approval from the Taiyuan Municipal Administrative Approval Service Bureau for the transfer of the entire equity interest in Taiyuan Seedland to its indirect wholly owned subsidiary, Kinetic Shanxi. Completion occurred on the same day, making Taiyuan Seedland an indirect wholly owned subsidiary of Kinetic Dev.</p>\n<p>The transaction finalises the Taiyuan Seedland Acquisition announced between December 2025 and July 2026. As part of the closing, the RMB 803.00 million (approximately USD 111 million) prepayment previously made by Kinetic Qinhuangdao to the vendors under the 2022 Property Purchase Agreement—subsequently amended by the Supplemental Agreement—has been fully offset through the acquisition of other assets from the relevant companies.</p>\n<p>The board of Kinetic Dev currently consists of seven directors: three executive directors—Chairman Ju Wenzhong, Chief Executive Officer Li Bo and Ji Kunpeng; one non-executive director—Zhang Lin; and three independent non-executive directors—Liu Peilian, Chen Liangnuan and Xue Hui.</p>\n<p>No further financial metrics or operational details were disclosed in the announcement dated 9 July 2026.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01277","symbol_name":"力量发展","start_time":0,"source_url":"","article_id":"1162367855","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162367855","pubTimestamp":1783587933,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"On 8 July 2026, Kinetic Development Group Limited (Kinetic Dev) received approval from the Taiyuan Municipal Administrative Approval Service Bureau for the transfer of the entire equity interest in...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01277":"力量发展"},"translate_title":"Kinetic Dev获得太原Seedland 100%股权；抵销预付款项80,300.00万元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01277":1},"content_text":"On 8 July 2026, Kinetic Development Group Limited (Kinetic Dev) received approval from the Taiyuan Municipal Administrative Approval Service Bureau for the transfer of the entire equity interest in Taiyuan Seedland to its indirect wholly owned subsidiary, Kinetic Shanxi. Completion occurred on the same day, making Taiyuan Seedland an indirect wholly owned subsidiary of Kinetic Dev.\nThe transaction finalises the Taiyuan Seedland Acquisition announced between December 2025 and July 2026. As part of the closing, the RMB 803.00 million (approximately USD 111 million) prepayment previously made by Kinetic Qinhuangdao to the vendors under the 2022 Property Purchase Agreement—subsequently amended by the Supplemental Agreement—has been fully offset through the acquisition of other assets from the relevant companies.\nThe board of Kinetic Dev currently consists of seven directors: three executive directors—Chairman Ju Wenzhong, Chief Executive Officer Li Bo and Ji Kunpeng; one non-executive director—Zhang Lin; and three independent non-executive directors—Liu Peilian, Chen Liangnuan and Xue Hui.\nNo further financial metrics or operational details were disclosed in the announcement dated 9 July 2026.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"SGX","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/1162367855","isCrawlerRequest":true}