Jiu Rong Holdings Ends Planned Subsidiary Disposal and Faces RMB205 Million Refund Obligation

Jiu Rong Holdings Limited ( (HK:2358) ) just unveiled an announcement.

Jiu Rong Holdings Limited has terminated its planned disposal of a subsidiary after failing to reach a final agreement with the prospective buyer by the extended deadline of 31 December 2025. The buyer and its affiliates issued a formal notice on 3 February 2026 confirming the termination of the letter of intent and related supplemental agreements and demanding the refund of all advance payments. Following this termination, the group must refund a total of RMB205 million in advance payments, comprising RMB165 million previously disclosed and an additional RMB40 million received in August 2024, within 30 days of receiving the notice. From 1 January 2026, the relevant subsidiary is also liable for a capital occupation fee on this amount, calculated at the one‑year Loan Prime Rate plus 50 basis points, with repayments applied first to principal and all outstanding fees to be settled in a lump sum once principal is fully repaid, affecting the company’s short-term liquidity and financing costs.

More about Jiu Rong Holdings Limited

Jiu Rong Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating through a group structure that includes various subsidiaries. While this announcement does not detail its specific industry or product lines, the group engages in transactions involving the potential disposal and financing of subsidiaries, indicating an active focus on portfolio and capital structure management within its corporate operations.

Average Trading Volume: 18,835,483

Technical Sentiment Signal: Sell

Current Market Cap: HK$60.19M

For detailed information about 2358 stock, go to TipRanks’ Stock Analysis page.