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

Russian lawmakers propose total ban on e-cigarette sales, in response to Putin's call for protection of youth health

Russian Duma members propose nationwide ban on e-cigarette sales in response to Putin's call for youth health protection.

Nov.28 by 2FIRSTS.ai

Malaysia Collected US$50.07 million in Vape Tax Since April 2023

Malaysia collected RM209.5 million(US$50.07 million) in excise duty on nicotine-containing vape liquids and gels from April 2023 to August 2025, according to Finance Ministry data. However, Health Minister Dr Dzulkefly Ahmad said RM223.5 million was spent treating EVALI patients in the past year alone, exceeding the tax revenue.

Nov.06 by 2FIRSTS.ai

Uruguay Lawmaker Proposes Ban on Smoking and Vaping in Playgrounds and Bus Stops

A bill introduced by Uruguayan lawmaker Álvaro Dastugue proposes banning smoking and vaping in public spaces that include children’s play areas, as well as at bus stops and nearby waiting zones. The draft legislation aims to reduce involuntary exposure to smoke and aerosols from tobacco, marijuana and electronic vaping devices.

Dec.24 by 2FIRSTS.ai

Michigan Senate Passes Bipartisan Bills Requiring Tobacco Retailer Licensing

The Michigan Senate has passed bipartisan legislation requiring tobacco retailers to be licensed statewide, aiming to strengthen enforcement against youth tobacco use. The bills introduce regular inspections, tougher penalties for sales to minors, regulation of online and delivery sales, and a ban on flash sales. The legislation now moves to the Michigan House for further consideration.