Dexin Services’ unit to dilute stake as Deqing Kaisibo subscribes RMB96.9 million for 30% interest

Reuters
02/23
Dexin Services’ unit to dilute stake as Deqing Kaisibo subscribes RMB96.9 million for 30% interest

Dexin Services Group Ltd. said an indirect non-wholly owned subsidiary, Dexin Shengquan Property Services Co., Ltd. (the Target Company), has agreed to a capital increase involving Deqing Kaisibo Enterprise Management Partnership Enterprise (Limited Partnership), an employee shareholding platform that is a connected person because executive directors Tang Junjie and Zheng Peng together hold about 70.4% of its partnership interests. Under the agreement signed on 23 February 2026, Deqing Kaisibo will contribute RMB96,912,442.40 to subscribe for about 30.0% of the Target Company as enlarged; after completion, Shengquan Technology, Zhida Xiaorui and Deqing Kaisibo will hold about 61.8%, 3.3% and 34.9%, respectively, diluting the group’s interest to about 65.1% while the Target Company remains consolidated. The subscription will be paid in instalments, with RMB55,114,105.99 due by completion and no later than 30 June 2026 and the balance of RMB41,798,336.41 due by 31 December 2027, and the transaction will be subject to independent shareholders’ approval at an EGM. Dexin also disclosed a previous capital increase completed in September 2025 in which Deqing Kaisibo invested RMB10.3 million for about 4.9%, which will be aggregated with the new investment and classified as a major and non-exempt connected 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. Dexin Services Group 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-20260223-12028031), on February 23, 2026, and is solely responsible for the information contained therein.

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