Tianma Tech's controller boosts stake; incentive plan update

Fujian Tianma Technology Group (SSE:603668) has seen its controlling shareholder, Chen Qing Tang, and his affiliated parties complete a previously announced increase in the company’s shareholding, according to a legal opinion issued by Beijing Tianyuan (Shenzhen) Law Firm. Chen, along with individuals acting in concert, acquired an additional 2,394,200 shares, bringing their total holdings to 163,368,164 shares, or 32.52% of the company's total equity. The moves are consistent with previously disclosed plans to increase holdings by between CNY 2,500,000 and CNY 5,000,000.