China Haisum's Controlling Shareholder to Change to Poly Group

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Summary · why it matters

China Haisum announced that Poly Group plans to acquire, through a free transfer of state-owned equity, all 260,123,322 shares held by its wholly-owned subsidiary China Light Industry Group, representing 46.54% of the company's total share capital. After the transfer, Poly Group will become the company's controlling shareholder, and China Light Industry Group will no longer hold any shares in the company. The company's actual controller remains unchanged and is still Poly Group.

Impact on assets 1

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China Haisum Engineering Co Ltd
002116
± MixedCapitalrelevance

Poly Group acquires 46.54% stake via free transfer of state-owned equity, changing controlling shareholder but leaving actual controller unchanged.

Off-coverage companies 1

China Light Industry Group (中轻集团)i
Private± MixedCapitalrelevance

China Light Industry Group transfers all its 260,123,322 shares (46.54%) to Poly Group, ceasing to be a shareholder.