FilingReader Intelligence

Tongkun Group shareholder, Leixin Industry, increases stake to 40%

June 12, 2025 at 05:12 PM UTCBy FilingReader AI

Zhejiang Leixin Industry Co., Ltd., a major shareholder of Tongkun Group (SSE: 601233), has further increased its stake in the company through concentrated bidding on the Shanghai Stock Exchange. From April 29, 2025, to June 12, 2025, Leixin Industry acquired an additional 15,987,332 shares, representing 0.66% of the total share capital, for a total of CNY 173.1021 million. Following this transaction, Leixin Industry, along with its consistent actors (Chen Shiliang, Tongkun Holding Group, and Jiaxing Shenglong Investment Co. Ltd.), now holds 961,911,955 shares, equivalent to 40.00% of Tongkun Group's total share capital. The funds for the increased shareholding came from Leixin Industry's own capital and self-raised funds, including a special loan from Agricultural Bank of China, Tongxiang. The company stated that the increase reflects confidence in the company's future prospects.

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

SSE:601233Shanghai Stock Exchange

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