Prominent investor Wu Shichun, the second-largest shareholder of ST Zhongzhu and the actual controller of Meihua Investment, plans to increase his stake in ST Zhongzhu through his controlled entity Meiling Wofei by no less than 20 million shares and no more than 40 million shares, without setting a fixed price range for the increase. Wu Shichun was elected chairman of ST Zhongzhu in April this year and took on the additional role of president at the end of June. The company's office address has been relocated from Zhuhai to Shenzhen. Meihua Investment currently holds 207 million shares of ST Zhongzhu, representing 10.38 percent of the total share capital, while Meiling Wofei does not yet hold any shares. ST Zhongzhu expects a net loss attributable to the parent company of 36 million to 54 million yuan for the first half of the year, with the loss widening by 12 million to 30 million yuan year-on-year, mainly due to the liquidation of its real estate segment and a decline in revenue from its hospital segment.
Zhongzhu Medical Holdings Co LtdProminent investor Wu Shichun plans to increase stake by at least 20 million shares, signaling confidence.
Meiling Wofei is the entity through which Wu Shichun will execute the stake increase, but it holds no shares yet.