Beijing airport high-tech park extends timeline for asset sale

Beijing Airport High-Tech Park announced an extension for its planned sale of an 80% equity stake in its controlling subsidiary, Beijing Tianyuan Construction Engineering Co., Ltd., to its controlling shareholder, Beijing Airport Economic Development Co., Ltd. The transaction, initially aimed at improving asset quality and sustainable profitability, was approved by the board on June 18, 2025.

The company had planned to disclose the relevant pre-plan or report within six months. However, as of the announcement date, the core terms of the transaction remain unagreed upon by both parties, leading to the inability to meet the original disclosure timeline. The company will actively continue negotiations and disclose further updates.

The asset sale is intended to be a cash transaction. The company emphasized that the transaction is still in the planning stage, and its completion is subject to necessary decision-making and approval procedures. Investors are advised to exercise caution due to the inherent uncertainties.