Xianhe shares: Shareholder to increase stake, backed by loan

Xianhe Co., Ltd. (SSE:603733) announced that its controlling shareholder, Xianhe Holding Group, intends to increase its holdings in the company's A-shares. The planned increase will amount to between CNY 300 million and CNY 500 million. The move aims to enhance the company's market value management, boost investor confidence, and protect investor interests. To support the share increase, Xianhe Holding has secured a loan commitment from Industrial and Commercial Bank of China for up to CNY 450 million with a three-year term. Xianhe Holding currently holds 76.49% of Xianhe Shares. This follows an earlier plan by actual controller, Wang Minwen, to increase his holding between CNY 30 million and CNY 50 million, which was completed in June 2024. The company will monitor the progress of the share increase and fulfill its information disclosure obligations.