Yifan Transmission announced that its controlling shareholder and actual controller Liu Jincheng signed a share transfer agreement with Guolian Securities Asset Management, planning to transfer 4.665 million unrestricted tradable shares at 24.20 yuan per share, representing 5% of total share capital, for a total consideration of 113 million yuan. The transfer is being acquired by Guolian Securities Asset Management on behalf of the Guolian Tianyi Flexible Allocation No. 11 Collective Asset Management Plan. After the transfer, Liu Jincheng's shareholding will decrease from 33.56% to 28.56%.
Jiangnan Yifan Motor Co.LtdControlling shareholder Liu Jincheng is transferring 5% of total share capital at 24.20 yuan per share, cutting his stake from 33.56% to 28.56%.
Guolian Securities Co LtdGuolian Securities Asset Management is acquiring a 5% stake in Yifan Transmission via an asset management plan, a capital-markets transaction for the buyer.
