Xinhuanet: Xinhua News Agency transfers state-owned shares to subsidiary
Xinhuanet Company Limited announced that its controlling shareholder, Xinhua News Agency, is gratuitously transferring its shares to Xinhua News Agency Investment Holdings Co., a wholly-owned subsidiary.
Initially, 264,679,740 shares, representing 51.00% of Xinhuanet's total shares, were to be transferred. Following the company's 2024 annual equity distribution, Xinhua News Agency's holding increased to 344,083,662 shares, maintaining its 51.00% stake. Consequently, the number of shares being transferred has been adjusted to 344,083,662 shares.
Upon completion, Xinhua News Agency will no longer directly hold shares in Xinhuanet. Xinhua News Agency Investment Holdings will collectively hold 414,413,493 shares, representing 61.42% of Xinhuanet's total shares. While the direct controlling shareholder will change, the ultimate actual controller remains Xinhua News Agency.
As of October 20, 2025, the procedures for the gratuitous transfer of state-owned shares are still in progress. The company will continue to monitor the progress and fulfill its information disclosure obligations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Xinhuanet publishes news
Free account required • Unsubscribe anytime