Fengxing Co., Ltd. (002760.SZ) intends to acquire a 25% stake in Baiyin Huaxin for 148 million yuan.

Zhixin Financial APP news, Fengxing Stock (002760.SZ) announced that the company intends to purchase 25% equity of Baiyin Huaxin Jiuhuo and Recycling Resources Co., Ltd. (referred to as "Baiyin Huaxin") held by Ningbo Xin Xin Gongmao Equity Investment Partnership Enterprise (Limited Partnership) (referred to as "Ningbo Xin Xin") for a cash amount of 148 million yuan. On July 15, 2026, the company signed a "Equity Transfer Agreement" with Ningbo Xin Xin subject to certain conditions.