Jin Mi Fang Group Holdings Ltd. has announced its decision to acquire approximately 55% of the equity interest in a target company through its wholly-owned subsidiary, Fulton Asia Investment Limited. The acquisition will occur at a nominal consideration of RMB1. The decision was based on the target company's financial information and business prospects. Currently, the target company is owned by Hainan Miaofa at 62%, Ms. Zhang at 33%, and Ms. Huang Ziyu at 5%. Once the acquisition is complete, the target company will become a non-wholly owned subsidiary of Jin Mi Fang Group Holdings Ltd.
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. Jin Mi Fang Group Holdings Ltd. published the original content used to generate this news brief on July 28, 2025, and is solely responsible for the information contained therein.