Shanghai XNG Plans Very Substantial Disposal of Wholly Owned Subsidiary for USD100,000

Shanghai XNG Holdings Limited ( (HK:3666) ) just unveiled an update.

Shanghai XNG Holdings Limited has agreed to dispose of 100% of the equity interest in a wholly owned target company for a total consideration of USD100,000 under a sale and purchase agreement signed on 8 January 2026 with an independent third-party purchaser, described as a restaurant business owner and capital markets investor in Hong Kong and the United States. As the disposal exceeds the 75% threshold under Hong Kong listing rules, it is classified as a very substantial disposal, meaning the target group will cease to be a subsidiary and its financial results will no longer be consolidated into Shanghai XNG’s accounts upon completion; the transaction is subject to shareholders’ approval at an extraordinary general meeting and to the satisfaction or waiver of conditions precedent, so completion is uncertain and shareholders are urged to exercise caution when dealing in the company’s shares.

The most recent analyst rating on (HK:3666) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on Shanghai XNG Holdings Limited stock, see the HK:3666 Stock Forecast page.

More about Shanghai XNG Holdings Limited

Shanghai XNG Holdings Limited is a company listed on the Hong Kong Stock Exchange (Stock Code: 3666) and incorporated in the Cayman Islands with limited liability. The announcement does not specify its industry, product lines or core services, but it operates through subsidiaries, one of which is the target of the announced disposal and whose financial results are currently consolidated into the group’s accounts.

Average Trading Volume: 17,508,609

Technical Sentiment Signal: Buy

Current Market Cap: HK$92.95M

Learn more about 3666 stock on TipRanks’ Stock Analysis page.