Minmetals Land Limited (01999) subsidiary plans to acquire 100% equity interest of Gainline Recline Intermediate Corp. for $32 million.

The Zhixun Financial APP reported that Minhua Holdings (01999) has announced that its indirect wholly-owned subsidiary Minhua American Manufacturing and seller Gainline Recline Holdings, LLC entered into a sales agreement on December 18, 2025. According to the agreement, Minhua American Manufacturing agreed to acquire and the seller agreed to sell the purchased shares, namely 100% of the issued share capital of the target company Gainline Recline Intermediate Corp., for a price of 32 million US dollars. At the same time as the delivery, the seller has delivered to the company a copy of a repayment letter signed by a US bank, which states that as of the delivery date, the total amount to be paid to settle all outstanding obligations under the bank financing obtained by the target group is 27.9939 million US dollars.