Kyushu Railway: Plans to rent out a factory building to related parties for 49.6134 million yuan, subject to approval by the shareholders' meeting.

date
23/06/2026
Kyushu Rail announced that the company plans to rent out part of the plant with an area of 16,990.89 square meters to its affiliate, Tongchuang Kyushu, for a period of 8 years, at a total rent not exceeding 49.6134 million yuan. Tongchuang Kyushu is a joint venture between the company and Jiangsu General Semiconductor, in which the company holds a 40% stake. The chairman of the board of directors and CEO, Cao Weidong, serves as its chairman. This transaction constitutes a related party transaction but does not constitute a major asset restructuring. The transaction has been approved by the board of directors and is subject to approval by the shareholders' meeting.