Zhongshan Public: Lian'an Life Insurance plans to acquire a 5% stake in the company at 12.19 yuan per share, becoming a shareholder with over 5% ownership.

NightAirdropper · 2026-04-07T01:22:48+00:00

Gelonghui April 2 | Zhongshan Public Utility (000685.SZ) announced that the company's controlling shareholder Zhongshan Investment Holding and Lian Life Insurance signed a "Share Transfer Agreement" on April 1, proposing to transfer 73.76 million shares at a price of 12.19 yuan per share, accounting for 5% of the total share capital, with a total transfer amount of approximately 899 million yuan. After this equity change, Zhongshan Investment Holding's shareholding ratio will decrease to 43.73%, remaining the controlling shareholder; Lian Life Insurance's shareholding will increase to 8.12%, becoming a shareholder with more than 5%. This transaction does not involve a mandatory offer and will not result in a change of the actual controller, but it is subject to approval by the state-owned assets supervision authority and review by the Shenzhen Stock Exchange before implementation.

NightAirdropper

2026-04-07 01:22:48

Gelonghui April 2 | Zhongshan Public Utilities (000685.SZ) announced that its controlling shareholder, Zhongshan Investment & Control, and Lian Life Insurance signed a “Share Transfer Agreement” on April 1. They plan to transfer 73.76 million shares (accounting for 5% of the total share capital) by agreement at a price of 12.19 yuan per share, with the total consideration of approximately 899 million yuan. After this change in equity interests, Zhongshan Investment & Control’s shareholding ratio will drop to 43.73%, still remaining the controlling shareholder; Lian Life Insurance’s shareholding will increase to 8.12%, becoming a shareholder holding more than 5%. This transaction will not trigger a tender offer and will not result in a change of the actual controller, but it still needs to be carried out only after approval by the state-owned assets regulatory authorities and review by the Shenzhen Stock Exchange.

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