World Union: Shareholders holding more than 5% of shares intend to transfer 5.02% of their shares through an agreement.

date
10/08/2026
The announcement from World Union indicates that World Union China, a shareholder holding more than 5% of shares, signed an agreement with Qianhai Chengyu on August 9, 2026, to transfer 100 million unrestricted circulating shares at a price of 2.08 yuan per share through a negotiated transfer method, with a total transaction value of 208 million yuan. This transfer does not trigger a mandatory bid and will not result in a change of controlling interest. The matter is still subject to review by the Shenzhen Stock Exchange and will require handling by China Securities Depository and Clearing Corporation, with outcomes remaining uncertain.