Shanghai Yashi's controlling shareholder agrees to transfer 10.58% of the total share capital

time:2022-12-09 20:50:01source:chakarski.com author:Aerospace stock
Shanghai Yashi's controlling shareholder agrees to transfer 10.58% of the total share capital

Source: China Economic Net China Economic Net Beijing, September 19th Shanghai Yashi (603329.SH) today’s share price daily limit, as of press time, the share price reported 19.65 yuan, an increase of 10.02%. On the evening of September 18, Shanghai Yashi disclosed a reminder announcement on the transfer of some shares and changes in equity by the controlling shareholder agreement. Jiangsu Yashi Investment Group Co., Ltd. (hereinafter referred to as "Yashi Group"), the controlling shareholder of the company, signed an agreement with Changxing Haoqin Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Changxing Haoqin") on September 16, 2022 According to the "Share Transfer Agreement", Changxing Haoqin transferred 16,800,000 company shares held by Yashi Group, accounting for 10.58% of the company's total share capital. The transfer price was RMB 18.90 per share, and the total transfer price was RMB 317,520,000. Before this equity change, the company's controlling shareholder Yashi Group held 71,408,131 shares of the company, accounting for 44.98% of the company's total share capital; Changxing Haoqin did not hold any shares of the company. After this equity change, the controlling shareholder of the company holds 54,608,131 shares of the company, accounting for 34.40% of the company's total share capital; Changxing Haoqin holds 16,800,000 shares of the company, accounting for 10.58% of the company's total share capital. Shanghai Yashi said that this equity change belongs to the company's controlling shareholder's agreement to transfer shares, and does not involve a tender offer. The purpose of this equity change is to reduce the pledge risk of the controlling shareholder, and the agreed transfer funds will be used to return all the stock pledge financing of Yashi Group. This change in equity will not lead to changes in the company's controlling shareholder and actual controller. The transaction still needs to go through the Shanghai Stock Exchange's compliance confirmation and application for registration of share transfer.
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