Kangxin New Materials to Cancel Wood Processing Subsidiary

MT Newswires Live

2025/04/28

Kangxin New Materials (SHA:600076) will cancel inactive wholly-owned subsidiary Hubei Chuangqi Manufacturing to streamline operations and mitigate risks.

Hubei Chuangqi Manufacturing's business scope includes wood processing and artificial board manufacturing, but never started operations, according to an April 25 filing with the Shanghai bourse.

Shares of Kangxin New Materials closed 4% lower Monday.

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