Lingyun Industrial's shareholder increases stake, reaching plan milestone

Lingyun Industrial Corporation's controlling shareholder, Northern Lingyun Industrial Group, has purchased additional shares, fulfilling over 50% of its planned increase, according to a recent announcement. From May 30, 2025, to July 8, 2025, Lingyun Group acquired 2,606,980 shares via centralized bidding on the Shanghai Stock Exchange. This brings the total stake held by Lingyun Group to 297,782,682 shares, representing 31.67% of Lingyun Industrial's total share capital. The total amount spent on the increased stake has amounted to CNY4,005.58 million. Lingyun Group intends to continue with the remaining portion of the share purchase plan, which was initially announced on April 9, 2025, with a range of CNY8,000 million to CNY10,000 million, subject to market conditions and shareholder equity changes.