Huaxin Securities announced that Yidian Group plans to transfer 286 million shares, representing 26.99% of the total share capital
Huaxin Securities announced that Yidian Group plans to transfer 286 million shares, representing 26.99% of the total share capital, at 13.85 yuan per share, to Guosheng Group and Guomao Holdings through an agreement. The total transaction value is 3.966 billion yuan, with 233 million shares (22.00%) transferred to Guosheng Group and 52.9389 million shares (4.99%) to Guomao Holdings. Upon completion, Guosheng Group and its subsidiaries will collectively hold 29.99% of the shares, becoming the controlling shareholder. The actual controller will remain the Shanghai State-owned Assets Supervision and Administration Commission. Trading in the company's shares will resume on October 28, 2026, at market open.
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