Juhua's controlling shareholder increases stake in company

Zhejiang Juhua (SSE:600160) announced that its controlling shareholder, Juhua Group, via its wholly-owned subsidiary Juhua Investment, has further increased its holdings in the company. On April 16, 2025, Juhua Investment acquired 419,500 shares, representing 0.0155% of the total share capital, at a cost of CNY 9.99 million. This follows an initial purchase on April 8, 2025, when 2,192,000 shares were acquired for CNY 49.98 million. The moves form part of a planned increase of holdings with a total value between CNY 50 million and CNY 100 million. Following the latest transaction, Juhua Group and Juhua Investment collectively hold 53.53% of the company's total share capital. The company cautioned that the share increase plan is subject to market risks and other unforeseen factors.