Jing Tou Development will no longer engage in real estate development business and plans to transfer real estate development business-related assets and liabilities to its controlling shareholder.

2026-03-15 17:42:08

On March 15, JingTou Development announced that the company plans to transfer assets and liabilities related to its real estate development business to its controlling shareholder, JingTou Company, using cash payment. This transaction does not involve issuing shares, will not affect the company’s equity structure, and will not result in a change of the company’s controlling shareholder. This matter is expected to constitute a major asset restructuring.

After the completion of this matter, the company will no longer engage in real estate development business. If the transaction is successfully completed, the company’s operating income and total assets are expected to decrease, which should improve the company’s debt-to-asset ratio and optimize its asset structure.

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