QIAN XUN TECH (01640.HK): Disposes Entire Stake in Qian Xun HK for RMB 200,000, Constituting a Major Transaction
NewTimeSpace News: On 28 August 2026 after trading hours, Qian Xun Technology Limited (stock code: 01640) announced that the Company had entered into a sale agreement with Mr. Wu Dan, conditionally agreeing to sell its entire equity interest in Qian Xun HK (being the entire issued share capital of Qian Xun HK) for a consideration of RMB 200,000.
According to the announcement, Qian Xun HK is a directly wholly-owned subsidiary of the Company, and together with three PRC subsidiaries forms the disposal group, which has not actively carried out any business activities since 2025 and had an unaudited consolidated net asset value of approximately RMB 200,000 as of 30 June 2026. Based on the net asset value of the disposal group and the consideration, the Company expects to record a slight loss of approximately RMB 400,000 from the disposal.
As one or more percentage ratios exceed 25% but all are below 75%, the disposal constitutes a major transaction under Chapter 14 of the Listing Rules, subject to the reporting, announcement, circular and shareholders' approval requirements; a circular containing further details of the disposal is expected to be despatched on or before 30 September 2026, and an extraordinary general meeting will be convened.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
