New Concepts Holdings Acquires 12% Stake in Guangxi Ronghe Bioenergy for RMB24 Million
Reuters
Nov 26, 2025
New Concepts Holdings Acquires 12% Stake in Guangxi Ronghe Bioenergy for RMB24 Million
New Concepts Holdings Limited has announced a discloseable transaction involving the acquisition of a 12% equity interest in Guanxi Ronghe Bioenergy Technology Co., Ltd. The agreement was entered into on 26 November 2025 between an indirect wholly-owned subsidiary of New Concepts Holdings, the vendor Xiamen Nuohongsheng Trading Co., Ltd., Xiamen C&D Commodities Limited, and the target company. The total consideration for the acquisition is RMB24 million. Under Hong Kong Listing Rules, the transaction qualifies as a discloseable transaction, requiring notification and announcement but not shareholder approval.
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