Jiu Rong Holdings Says Subsidiary Disposal Talks Stall as Deal Deadline Expires

Reuters

Dec 31, 2025

Jiu Rong Holdings Says Subsidiary Disposal Talks Stall as Deal Deadline Expires

Jiu Rong Holdings Ltd. has provided an update regarding the potential disposal of a subsidiary. The deadline for entering into a formal agreement with the prospective buyer expired on 31 December 2025, and the buyer has indicated that it will not further extend the term of the Letter of Intent. Both parties are currently negotiating arrangements related to an advance payment of RMB205,000,000, including the possibility of acquiring part of the assets. A final proposal regarding the advance payment is expected within three months. Further announcements will be made upon any material developments.

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. Jiu Rong Holdings 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-20251231-11973724), on December 31, 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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