Sosen Shares Sells 6.25% Stake in Chongqing Jinggang Transmission for 24.0625 Million Yuan

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Summary · why it matters

Sosen Shares announced it is selling a 6.25% stake in its associate company Chongqing Jinggang Transmission to Wuzhou New Spring for 24.0625 million yuan, and will no longer hold any shares after the transaction. Chongqing Jinggang Transmission is mainly engaged in bearings, gears and transmission components. As of March 31, 2026, its net assets were 55.4317 million yuan and net profit was 3.4528 million yuan. This is a joint sale by multiple transferors, transferring a total of 15% equity for a total price of 57.75 million yuan, of which Sosen Shares' corresponding price is 24.0625 million yuan. The transaction price will be paid in two instalments of 50% each, with the closing date being the payment date of the first instalment. The company said the move is intended to recover funds, reduce investment risk and concentrate resources on consolidating its main business. The transaction does not constitute a related-party transaction or a major asset restructuring.

Impact on stocks 3

Others▲ · 3 stocks
Shenzhen Sosen Electronics Co.Ltd.
301002
▲ PositiveCapitalrelevance

Sosen Shares sells its 6.25% stake in Chongqing Jinggang Transmission for 24.0625 million yuan to recover funds and focus on main business.

Off-coverage companies 1

重庆精刚传动科技有限公司Private▼ Negative
Capitalrelevance

Chongqing Jinggang Transmission's stake is being sold by Sosen Shares, indicating reduced investment and potential loss of support.

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