Kunlun Wanwei to Sell Xianlai Huyu Equity for RMB 750 Million, Plans H-Share Listing
Kunlun Wanwei announced on August 10, 2026, that it will transfer its entire equity in Beijing Xianlai Huyu Network Technology to Beijing Xinglan Huyu Network Technology for RMB 750 million. The transaction, conducted through its wholly-owned subsidiary Kunuo Yingzhan, will remove Xianlai Huyu from the company's consolidated financial statements. On the same day, the company disclosed plans to issue H shares and apply for a Main Board listing on the Hong Kong Stock Exchange, though no specific timetable has been provided.
On August 10, 2026, Kunlun Wanwei announced that it will transfer the equity held by its wholly-owned subsidiary Kunuo Yingzhan in Beijing Xianlai Huyu Network Technology Co. , Ltd. to Beijing Xinglan Huyu Network Technology Co. for a consideration of RMB 750 million. Upon completion of the transaction, Kunlun Wanwei will no longer hold any equity in Xianlai Huyu, and Xianlai Huyu will be deconsolidated from the company's financial statements.
On the same day, Kunlun Wanwei also announced its intention to issue overseas-listed foreign shares (H shares) and apply for a listing on the Main Board of The Stock Exchange of Hong Kong Limited. Specific details regarding the share issuance and listing arrangements have not yet been disclosed.