Rongsheng Petrochemical: Stake raised to 60% by Rongsheng Holdings

Rongsheng Petrochemical [SZSE:002493] announced that its controlling shareholder, Rongsheng Holdings Group, along with its acting-in-concert person, Li Shuirong, increased their stake in the company. From May 22, 2025, to June 13, 2025, Rongsheng Holdings acquired an additional 19,707,213 shares through the Shenzhen Stock Exchange, raising their combined ownership to 60.01% of Rongsheng Petrochemical’s total share capital. This increase comes as part of Rongsheng Holdings’ ongoing plan to bolster its investment in Rongsheng Petrochemical, affirming confidence in the company’s long-term value and prospects.