Hollyland China Electronics Technology Corp LtdImpact on stocks 1
Hollyland China Electronics Technology Corp LtdHaoli Technology announced that its controlling shareholder, Xusheng Asia Investment Limited, and actual controller Tang Qiqing signed a share transfer agreement with Xiamen Industrial Investment Technology Innovation Investment Partnership. They plan to transfer 32.9346 million shares of Haoli Technology to the latter, representing 18 percent of total share capital, at a transfer price of 18.13 yuan per share, for a total consideration of 597 million yuan. After the transaction, Haoli Technology's controlling shareholder will become Industrial Investment Technology Innovation, and the actual controller will become the Xiamen Finance Bureau. Xusheng Investment currently has 36.16 million shares of Haoli Technology pledged, and the transaction requires the release of the relevant pledges first. Haoli Technology has been suspended from trading since June 29 and plans to resume trading on July 6. Before the suspension, the stock price was 17.80 yuan, with a total market capitalization of 3.257 billion yuan.