Rongtai Co. announced on October 9 that its controlling shareholder Ganzhou Runcheng Venture Capital Co., Ltd. plans to transfer 17.12 million shares it holds to Chen Hui at a price of 24.54 yuan per share, accounting for 6% of the company's total shares, with a total consideration of 420 million yuan. After the transfer is completed, Ganzhou Runcheng will hold 77.95 million shares of the company, accounting for 27.32% of the total shares; Chen Hui's shareholding will increase to 18.64 million shares, accounting for 6.53% of the total shares. The transferee Chen Hui has committed not to reduce her shareholding within 12 months after the share transfer. In the first half of 2026, Rongtai Co. achieved revenue of 1.868 billion yuan and net profit attributable to the parent company of 87.81 million yuan.
Jiangsu Rongtai Industry Co. Ltd.Controlling shareholder Ganzhou Runcheng plans to transfer 6% stake (17.12M shares) to Chen Hui for 420M yuan, a change in ownership structure with no clear positive or negative operational implication.
Ganzhou Runcheng is the transferring controlling shareholder selling 6% of Rongtai Co. for 420M yuan, reducing its holding to 27.32%.
