Yinghe Technology's Major Shareholder Transfers Shares to Subsidiary

Business by 2FIRSTS.ai

Dec.05.2023

Yinghe Technology's Major Shareholder Transfers Shares to Subsidiary

Yinghe Technology announced on December 4 that its major shareholder, Shanghai Electric Group, plans to transfer 184 million shares to its subsidiary.

On December 4th, Yinghe Technology announced that its controlling shareholder, Shanghai Electric Group Co., Ltd., plans to transfer its ownership of 184 million shares of the company, accounting for 28.39% of the total share capital, to its wholly-owned subsidiary, Shanghai Electric Automation Group Co., Ltd., without any compensation. This equity change does not involve a change in the company's control rights, and the actual controlling shareholder of the company, the Shanghai State-owned Assets Supervision and Administration Commission, remains unchanged.

Yinghe Technology is the parent company of the well-known e-cigarette company Sikary.

References:

[1] 深圳市赢合科技股份有限公司详式权益变动报告书

[2] 深圳市赢合科技股份有限公司简式权益变动报告书

Also Read:

[1] Yinghe Technology Achieves Strong Growth in Q3 2023

[2] Sikary's Focus on International Market Rather than Domestic Approval Process

[3] Winhe Technology Releases 2023 Semi-Annual Report: E-cigarette Business Booms

#E-cigarettes #Asia #Open system e-cigarettes #China #Technology.#May data

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

EU to consider Denmark's proposal for stricter tobacco tax reforms. Heating tobacco tax could increase by 132%, nicotine pouch tax by up to 1000%. 92% opposed to overall tax hike in public consultation. Concerns raised over taxing innovative smoke-free pr

EU to debate Denmark's proposal to increase tobacco taxes, including a 132% hike for heated tobacco and 1000% for nicotine pouches.

Dec.04 by 2FIRSTS.ai

Mexico moves to advance reforms regulating e-cigarettes and vapes

Mexico’s Chamber of Deputies Health Committee is expected to vote next week on reforms to the General Health Law that would regulate the prohibition, distribution, and sale of electronic cigarettes, vapes, and certain toxic substances, including fentanyl. Lawmakers from Morena insist the legislation must avoid loopholes and resist pressure from the tobacco industry.

Nov.21 by 2FIRSTS.ai

Russian State Duma considers regulations to address widespread use of e-cigarettes among youth

Russian Duma considers comprehensive regulations to address widespread e-cigarette use among youth, including potential sales bans and flavor restrictions.

Oct.20 by 2FIRSTS.ai

Russia Plans to Allow Regional Vape Sales Bans from September 2026

Russia’s Ministry of Finance (Минфин) has drafted amendments to an existing licensing bill that would grant regional authorities the power to ban retail sales of vapes and nicotine liquids from September 1, 2026, to September 1, 2031, RBC reported. Stores violating the ban would lose their tobacco retail licenses.