Jones Tech PLC Class AControlling shareholder transfers 10.47% stake to Zhongji Innolight at 55.70 yuan per share, bringing in a strategic investor without changing control.
Jones Tech announced that its controlling shareholder, actual controller, and concert parties Wu Xiaoning, Ye Lu, and Hanwu Wu Han plan to transfer 31.3725 million shares, representing 10.47% of the company's total share capital, to Zhongji Innolight via a negotiated deal at 55.70 yuan per share, for a total consideration of 1.747 billion yuan. After the transfer, the transferring parties' combined shareholding will fall from 41.90% to 31.42%, while Zhongji Innolight will hold 10.47% and become a shareholder with more than 5% of the company. This negotiated transfer does not trigger a mandatory tender offer and will not result in a change of the company's controlling shareholder or actual controller.
Jones Tech PLC Class AControlling shareholder transfers 10.47% stake to Zhongji Innolight at 55.70 yuan per share, bringing in a strategic investor without changing control.
Shandong Zhongji Electrical Equipment Co LtdZhongji Innolight acquires a 10.47% stake in Jones Tech, expanding its investment and potential strategic influence.
Zhongji Innolight becomes a significant shareholder in Jones Tech, potentially enhancing its strategic positioning and investment portfolio.