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

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