Lianhe Chemical announced that its controlling shareholder, Sunshine Chemical, plans to transfer 10.976 million shares, representing 7% of the total share capital, to Jinxin Qihang No. 2 through an agreement-based transfer. The transfer price is 47.84 yuan per share, with a total consideration of 525 million yuan. Upon completion, Jinxin Qihang No. 2 will become a shareholder holding more than 5% of Lianhe Chemical.
Longkou Union Chemical Co. Ltd. AControlling shareholder Sunshine Chemical is transferring 7% (10.976M shares) to Jinxin Qihang No. 2 at 47.84 yuan/share for 525M yuan, a stake-transfer event with no clear positive or negative implication for the company.
