Southwest Securities: Controlling shareholder change still in progress
Southwest Securities has announced that the planned change in its controlling shareholder is still underway, pending regulatory approvals and compliance confirmation from the Shanghai Stock Exchange. The change stems from a restructuring plan initiated in January 2025, where Chongqing YuFu Holdings Group Co., Ltd. (渝富控股) will take over the 29.51% stake (1,960,661,852 shares) currently held by Chongqing Yufu Capital Operation Group Co., Ltd. (渝富资本). Once completed, YuFu Holdings will become the direct controlling shareholder, while the actual controller will remain the Chongqing State-owned Assets Supervision and Administration Commission. The company cautioned investors about the uncertainty surrounding the share transfer, which requires further approvals and registration with China Securities Depository and Clearing Corporation Limited Shanghai Branch. Southwest Securities pledged to continue disclosing updates on the matter.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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