XJ International Holdings Provides Update on Disposal of Guilin Vocational College Interest

Reuters

Oct 09

XJ International Holdings Provides Update on Disposal of Guilin Vocational College Interest

XJ International Holdings Co. Ltd. has issued a supplemental announcement providing additional details regarding its previously disclosed disposal of certain target subjects. The company clarified that it used the cost approach to determine the consideration for the transaction, citing that the primary asset involved is an 80% founder's equity interest in a vocational college located in Guilin, Guangxi. The college currently faces a land shortfall, with local authorities requiring it to acquire additional land by the end of 2025, resulting in a remaining payment obligation of approximately RMB40 million. Additionally, the college holds an outstanding bank loan of about RMB52 million. Other details of the original announcement remain unchanged.

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. XJ International Holdings Co. Ltd. published the original content used to generate this news brief on October 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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