Fengyuan Pharmaceutical's actual controller to change to Bengbu SASAC

Corporate Action
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Summary · why it matters

Fengyuan Pharmaceutical announced that a concert party of its controlling shareholder, Anhui Fengyuan Group, has signed a share transfer intention agreement with Bengbu Investment Group. Bengbu Investment Group plans to acquire 109 million shares, representing 23.52% of the company's total share capital. After the transaction, Bengbu Investment Group will become the new controlling shareholder, and the company's actual controller will change from Li Rongjie to the Bengbu State-owned Assets Supervision and Administration Commission.

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蚌埠投资集团有限公司Private▲ Positive
Capitalrelevance

Acquiring 23.52% stake to become new controlling shareholder, expanding state-owned portfolio.

安徽丰原集团有限公司Private▼ Negative
Capitalrelevance

Controlling shareholder loses control as concert party sells shares to Bengbu Investment Group.

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