CHONGQING M&E(02722): The company's indirect controlling shareholder remains Yufu Holdings.

date
19/09/2025
avatar
GMT Eight
Chongqing Electromechanical (02722) issued an announcement, stating that the company has received notification from its controlling shareholder, Chongqing Electromechanical Group, that they have decided to...
CHONGQING M&E (02722) announced that the company has received notification from its controlling shareholder, CHONGQING M&E Group, that on September 19, 2025, they signed a non-public equity transfer agreement with the original shareholder of the company, Jian Gong Group. Jian Gong Group agreed to transfer all of its 6.30% stake in the company to CHONGQING M&E Group (this transaction). After this transaction is completed, Jian Gong Group will no longer hold any shares in the company, while CHONGQING M&E Group will hold 61.04% of the company's shares. The company's indirect controlling shareholders are still Yu Fu Holdings, and the Chongqing State-owned Assets Supervision and Administration Commission remains the ultimate controlling shareholder of the company.