Arrow Home Group announced that its controlling shareholder, Foshan Lehua Hengye Industrial Investment, plans to increase its stake in the company through centralized bidding within six months from the date of the announcement. The planned increase amount is no less than 10 million yuan and no more than 15 million yuan, with no price range set. Lehua Hengye Investment currently holds 480 million shares of the company, accounting for 49.63% of the total share capital. The increase is based on confidence in the company's future development prospects and recognition of its long-term investment value, aiming to boost investor confidence. The funds for the increase come from its own funds or self-raised funds. The entity increasing its stake has committed not to reduce its holdings during the increase period and within the statutory period, and will complete the plan within the timeframe. The company cautioned that the increase plan may be delayed or unable to be implemented due to risk factors such as changes in the capital market, but it does not trigger a tender offer and will not lead to a change in control.
Arrow Home Group Co. Ltd. AControlling shareholder plans to buy 10-15 million yuan of shares, signaling confidence and supporting the stock.
As the controlling shareholder, its stake increase plan reflects its own financial commitment and confidence in the company.