DivestmentJun 9, 2026, 06:01 AM
Baiya International Sells Juxing Investment Group for $2M
AI Summary
Baiya International Group Inc. entered into a share purchase agreement to sell 100% equity interest in its wholly-owned subsidiary, Juxing Investment Group (Hong Kong) Limited, to Shengshi International Group Inc. for $2,000,000. Juxing indirectly controls Shenzhen Gongwuyuan Network Technology Co., Ltd. through variable interest entities. The company's board approved the disposition, which is expected to close within a month, subject to customary conditions.
Key Highlights
- Baiya International Group Inc. to sell 100% equity interest in its subsidiary Juxing Investment Group (Hong Kong) Limited.
- The sale is to Shengshi International Group Inc. for an aggregate consideration of $2,000,000.
- Juxing indirectly controls Shenzhen Gongwuyuan Network Technology Co., Ltd. through variable interest entities.
- The Company's Board of Directors approved the disposition on June 8, 2026.
- The closing of the disposition is expected within one month of the signing date.
Price Impact
More from BIYA