Jiangsu Sihuan Bioengineering (000518.SZ): Qiu Weibi will become the actual controlling shareholder of the company.

date
21/01/2025
avatar
GMT Eight
Jiangsu Sihuan Bioengineering (000518.SZ) announced that on January 20, 2025, Bi Shui Investment received a "Enforcement Order" (2024) SU0281 Zhi 7624 No. 2 issued by Jiangyin Court. The ownership of 286 million shares of unlimited tradable shares of Jiangsu Sihuan Bioengineering held by Yu Qinfen, Chen Jianguo, and Wang Hongming belongs to Fujian Bi Shui Agricultural Investment Co., Ltd. The ownership of the above-mentioned shares will be transferred to the purchaser Fujian Bi Shui Agricultural Investment Co., Ltd. upon delivery of this order. The transfer of the company's shares involved in the above judicial order has not been completed yet. According to the "Enforcement Order," once the transfer is completed, it will result in a change of control of the company. Bi Shui Investment will hold 286 million shares of the company, accounting for 27.78% of the total share capital, becoming the new controlling shareholder of the company. Qiu Weibi will become the actual controller of the company.

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