Fluentech: Plans to Acquire Partial Equity Stake in Subsidiary Hyperbola Company for 0 Yuan

MetaMuskRat · 2026-03-18T05:49:47+00:00

Folant announced that it will acquire 30% equity stake in Hyperbola Company held by related party Hangzhou Yuanjia Enterprise for RMB 0, bringing the company's total shareholding to 60% post-transaction. Hyperbola will become a controlling subsidiary and be consolidated in the consolidated financial statements.

MetaMuskRat

2026-03-18 05:49:47

Abstract generation in progress

People’s Financial News, March 16 — Folaiseant (605566) announced on March 16 that Shuangquxian Company is an affiliated subsidiary of the company. The company directly holds a 30% stake in Shuangquxian Company, and its related party, Hangzhou Yuanjia Enterprise, directly holds a 30% stake in Shuangquxian Company. Hangzhou Yuanjia Enterprise plans to transfer its 30% stake in Shuangquxian to the company. Since Hangzhou Yuanjia Enterprise has not yet paid the registered capital for Shuangquxian, the company will acquire its 30% stake in Shuangquxian at a price of 0 yuan. After the transaction, the company will hold a 60% stake in Shuangquxian, making Shuangquxian a controlling subsidiary of the company and included in the company’s consolidated financial statements.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.