Ninestar advances Lexmark asset sale to Xerox

Ninestar Corp (SZSE:002180) announced progress in its major asset restructuring plan, involving the sale of its stake in Lexmark International to Xerox Corporation. The decision, approved by Ninestar's board of directors on December 23, 2024, will see Ninestar's subsidiary, Ninestar Group Company Limited, sell its 100% equity in Lexmark International II, LLC to Xerox for cash. The transaction still requires approval from Ninestar's shareholders and relevant regulatory bodies. The company cautioned investors about uncertainties related to securing these approvals. The company disclosed earlier announcements on the matter in December 2024 and March 2025.