Huitongda Network Acquires 25% Stake in Target Company

Reuters
02/03
Huitongda Network Acquires 25% Stake in Target Company

Huitongda Network Co. Ltd. has announced the acquisition of a 25% equity interest in a target company, following the approval of a Restructuring Investment Agreement. The transaction was contingent on the approval of a restructuring plan by both the creditors' meeting and the court, which was granted on February 3, 2026. With the court’s civil ruling now effective, the target company has entered the execution stage of its restructuring plan. Huitongda will proceed with the agreed steps under the investment agreement, though the company cautions there remains some uncertainty regarding the final implementation of the transaction. Further updates will be provided as the restructuring progresses.

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. Huitongda Network 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-20260203-12011956), on February 03, 2026, and is solely responsible for the information contained therein.

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