Zhong Jia Guo Xin Extends Major Asset Disposal Deadline and Raises Executive Pay

Asia Resources Holdings Limited ( (HK:0899) ) has issued an update.

Zhong Jia Guo Xin Holdings has signed a second supplemental agreement to extend the deadline for completing the disposal of its Target Company to on or before 31 December 2026, after the original purchaser failed to close the deal by the end of 2025. In exchange for the longer timetable, the purchaser will pay a one-off RMB600,000 fee plus a monthly RMB300,000 extension fee until the remaining consideration is fully settled, with the company retaining rights to terminate and forfeit deposits if payments lapse.

The board said attempts to find an alternative buyer amid uncertain PRC economic and property market conditions were unsuccessful, and concluded that agreeing to the revised schedule with added fees offers a more practical route to recovering the sale proceeds. At the same meeting, directors approved a rise in annual remuneration for executive director Ms. Yau Ho Yi from HK$240,000 to HK$420,000 from 1 March 2026, positioning the pay increase as an incentive aligned with her responsibilities and the group’s ongoing development.

The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.

More about Asia Resources Holdings Limited

Zhong Jia Guo Xin Holdings Company Limited is a Bermuda-incorporated company listed in Hong Kong, with operations that include exposure to PRC property-related assets through its Target Group. The group operates in a challenging Chinese economic and real estate environment, which has been affecting transaction timelines and divestment plans.

Average Trading Volume: 581,334

Technical Sentiment Signal: Sell

Current Market Cap: HK$89.48M

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