Rongtai Shares announced that its controlling shareholder Ganzhou Runcheng plans to transfer 17.1165 million shares it holds to Chen Hui at a price of 24.54 yuan per share through an agreement. The shares account for 6% of the company's total share capital, with a total transfer price of 420 million yuan. After the transfer, Ganzhou Runcheng's shareholding ratio will drop to 27.32%, and it will remain the company's controlling shareholder. Chen Hui's shareholding ratio will increase from 0.53% to 6.53%, making her a shareholder holding more than 5%.
Jiangsu Rongtai Industry Co. Ltd.Controlling shareholder Ganzhou Runcheng is transferring 6% of Rongtai Shares via agreement for 420 million yuan, a stake-change event with no clear positive or negative implication for the company.
Ganzhou Runcheng is selling 17.1165 million shares (6% stake) at 24.54 yuan/share for 420 million yuan, reducing its holding to 27.32% while remaining controlling shareholder.
