Hanbo Hi-Tech announced that the company plans to transfer 10% of Hefei Xindongjin New Material Technology Co., Ltd. held by Hanbo Holdings for 36.22,200 yuan, 6.8182% of Xindongjin's shares held by Beijing Xinjin for 33 million yuan, and 10.9091% of Xindongjin's shares held by Hainan Xinjin for 52.8 million yuan, for a total consideration of 122 million yuan. After the transaction was completed, the company's shareholding ratio in Xindongjin increased from 45.4545% to 73.1818%. Xindongjin will become the company's holding subsidiary and included in the scope of the consolidated statement. Among them, the transfer of shares held by Hanbo Holdings forms a related transaction, and the transaction still needs to be submitted to the company's shareholders' meeting for consideration.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.