Kong Sun Holdings Announces Internal Reorganization of Subsidiaries
Reuters
Dec 11, 2025
Kong Sun Holdings Announces Internal Reorganization of Subsidiaries
Kong Sun Holdings Limited has announced an internal reorganization involving its wholly-owned subsidiary, Kong Sun Yongtai Investment Holdings Limited. As part of the restructuring, Kong Sun Yongtai transferred its entire equity interests in Datong Wantong New Energy Co., Ltd. and Huangshi Huangyuan Photovoltaic Power Development Limited to Jinan Tianguan Energy Technology Co., Ltd., another wholly-owned subsidiary. Both Datong Wantong and Huangshi Huangyuan remain indirect wholly-owned subsidiaries of the company after the transfer. In connection with the reorganization, new equity pledge agreements and joint guarantees were entered into with Hebei Financial Leasing Co., Ltd. to secure existing loans. The company stated that the reorganization and related security arrangements have no material impact on its financial condition. Holders of the company's securities and potential investors are advised to exercise caution when dealing in the securities of the company.
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