Donghong Co., Ltd.: Wholly owned subsidiary plans to acquire 100% equity of Donghong Pipeline Intelligent Terminal for 0 yuan

K-LinePoet · 2026-03-07T23:28:18+00:00

Donghong Co., Ltd.'s wholly owned subsidiary plans to acquire 100% equity of the related party at a price of 0 yuan. After the transaction, it will assume a capital contribution obligation of 50 million yuan, and Donghong Pipeline Intelligent Terminal will be included in the consolidated financial statements, constituting a related-party transaction and not a material asset reorganization.

K-LinePoet

2026-03-07 23:28:18

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Donghong Co., Ltd. announced that its wholly owned subsidiary, Qufu Donghong Technology Innovation Research Institute Co., Ltd., intends to acquire 100% equity of Donghong Pipeline Intelligent Terminal (Shandong) Co., Ltd., held by the related party Shandong Donghong Technology Group Co., Ltd. Due to the unpaid capital contribution of RMB 50 million committed by Shandong Donghong Technology Group Co., Ltd., the transaction price has been negotiated to be RMB 0. After the transaction is completed, Donghong Research Institute will assume the obligation to contribute RMB 50 million, and Donghong Pipeline Intelligent Terminal will become a secondary subsidiary of the company and be included in the consolidated financial statements. This transaction constitutes a related-party transaction but does not constitute a major asset reorganization.

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