Yinglite announced that its controlling shareholder, Yinglite Group, plans to transfer its entire holding of 155 million unrestricted tradable shares in the company, representing 39.41% of the total share capital, through a public solicitation of a transferee in a one-time overall agreement transfer, at a price of no less than 6.27 yuan per share. If this transfer is completed, control of the company will change.
Ningxia Younglight Chemicals Co LtdControlling shareholder plans to transfer its entire 39.41% stake via public solicitation, potentially changing control of the company.
