Wise Living Technology Sells 40% Stake in Subsidiary to Shuangliang Strategic

Reuters2025-12-11
Wise Living Technology Sells 40% Stake in Subsidiary to Shuangliang Strategic

Wise Living Technology Co. Ltd. has announced a connected transaction involving the deemed disposal of a subsidiary through a capital increase agreement with Jiangsu Shuangliang Strategic Emerging Industry Investment Co., Ltd. (Shuangliang Strategic). Under the agreement signed on 11 December 2025, Shuangliang Strategic will subscribe for new shares in Shuangliang Ruineng, increasing its registered capital from RMB 6 million to RMB 10 million. As a result, Wise Living Technology's equity interest in Shuangliang Ruineng will be reduced from 100% to 60%, while Shuangliang Strategic will hold a 40% stake. Despite the dilution, Shuangliang Ruineng will remain a non-wholly owned subsidiary of Wise Living Technology, and its results will continue to be consolidated in the group's financial accounts. The company does not expect to record any gain or loss from this transaction.

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. Wise Living Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251211-11953122), on December 11, 2025, and is solely responsible for the information contained therein.
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