Huijia Times subsidiary plans to purchase related-party commercial properties for 220 million yuan

Corporate Action
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Summary · why it matters

A wholly owned subsidiary of Huijia Times plans to purchase two commercial properties from related parties for a total of 220 million yuan. Fukang Huijia intends to buy part of a commercial building and a commercial street at Fukang Huijia Plaza from Fukang Huijia Real Estate, with a building area of approximately 38,600 square meters and a transaction price of about 130 million yuan. Korla Huitou intends to buy part of the Tianhu Jiayuan property from Korla Peacock Hengyu Real Estate, with a building area of approximately 20,200 square meters and a transaction price of about 90.12 million yuan. The counterparties are both companies controlled by Pan Jinhai, the actual controller of the company, making these related-party transactions. The company stated that the move aims to improve its commercial business layout and increase the proportion of self-owned properties. In the first quarter of 2026, Huijia Times achieved revenue of 760 million yuan and net profit attributable to the parent company of 64.43 million yuan.

Impact on stocks 1

Others · 1 stocks
Xinjiang Winka Times Dept
603101
± MixedCapitalrelevance

Related-party property purchase for 220M yuan; improves commercial layout but raises governance concerns.

Off-coverage companies 4

库尔勒汇投Private± Mixed
Capitalrelevance

Subsidiary buying property for 90.12M yuan; part of related-party transaction.

阜康汇嘉Private± Mixed
Capitalrelevance

Subsidiary buying property for 130M yuan; part of related-party transaction.

库尔勒孔雀恒宇房产Private▲ Positive
Capitalrelevance

Counterparty in related-party transaction; receives 90.12M yuan from sale.

阜康汇嘉房产Private▲ Positive
Capitalrelevance

Counterparty in related-party transaction; receives 130M yuan from sale.