Fengxing Co., Ltd. (002760.SZ) plans to acquire 25% of Baiyin Huaxin's shares for 148 million yuan

Zhitong Finance App News, Fengxing Co., Ltd. (002760.SZ) announced that the company plans to purchase 25% of Baiyin Huaxin Jiuhe Renewable Resources Co., Ltd. (“Baiyin Huaxin”) held by Ningbo Xinxin Gongmao Equity Investment Partnership (Limited Partnership) (“Ningbo Xinxin”) with 148 million yuan in cash. On July 15, 2026, the company signed an “Equity Transfer Agreement” with conditions of entry into force with Ningbo Xinxin.

According to reports, the target company is an environmental protection enterprise covering collection, harmless disposal, and resource recycling of solid waste and hazardous waste. The main products are recyclable products containing valuable metals such as zinc, silver, and iron from disposal of solid and hazardous waste. The target company has a hazardous waste disposal capacity of 755,000 tons/year. It is the largest solid and hazardous waste disposal single enterprise in the country. It serves customers in the mining, smelting, energy and other industries, and is located downstream of the company's industry. The company's current main wear-resistant materials business is limited by the boom in the downstream building materials and cement industries. The purchase of minority shares is committed to implementing transformation and upgrading for non-ferrous mining services and resource recycling.