Sunrise Group's wholly-owned overseas subsidiary HAI MINH plans to acquire a 58% stake in Golden Eagle held by Zhejiang Golden Eagle Co., Ltd. for USD 13.34 million. Prior to the acquisition, Sunrise Group already indirectly held a 42% stake in Golden Eagle through its wholly-owned subsidiary Xinma Garment Co., Ltd. Upon completion of this acquisition, the company will indirectly hold a 100% stake in Golden Eagle, making it a wholly-owned overseas sub-subsidiary and consolidating it into the financial statements. In the first quarter of 2026, Sunrise Group achieved revenue of RMB 904 million and net profit attributable to the parent of RMB 165 million.
Zhejiang Sunrise Garment Group Co LtdSunrise Group is acquiring the remaining 58% stake in Golden Eagle, consolidating full ownership and control, which is a strategic M&A move.
Zhejiang Golden Eagle Co LtdZhejiang Golden Eagle is being acquired at a premium, with its stake valued at USD 13.34 million, and will become a wholly-owned subsidiary.