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Huayi Group plans to increase stake in Shanghai Huayi

March 17, 2025 at 05:10 PM UTCBy FilingReader AI

Shanghai Huayi Group (SSE:600623) announced today that its controlling shareholder, Shanghai Huayi Holdings, plans to increase its stake in the company. The planned increase will amount to between RMB 150 million (inclusive) and RMB 300 million (exclusive), but will not exceed 2% of the company's total share capital. The move aims to demonstrate confidence in Shanghai Huayi's value and future prospects, bolster investor confidence, and promote the company's sustainable growth. The company currently holds 788,377,345 A shares, representing 36.99% of the total share capital. The acquisitions will be made via the Shanghai Stock Exchange trading system through centralized bidding. The intended acquisition period is within 6 months of the announcement date. Huayi Holdings commits to not reducing its holdings during the implementation period.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600623Shanghai Stock Exchange

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