Shanghai Sanmao Plans to Liquidate and Deregister Bohua Company Amid Shareholder Disputes That Halted Operations

Corporate Action
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Shanghai Sanmao announced plans to liquidate and deregister Shanghai Bohua Gene Chip Technology Company Limited. Due to disagreements and disputes among shareholders, Bohua Company’s operations have stalled, its corporate governance mechanisms have broken down, and it has had no actual business activities for many years. Shanghai Sanmao, through its wholly-owned subsidiary Sanmao Asset Company, holds a combined 98.75 percent stake in Bohua Company and has included it in its consolidated financial statements since June 2026. This liquidation and deregistration is aimed at implementing the directives of the Chongqing Municipal State-owned Assets Supervision and Administration Commission and Chongqing Machinery and Electronics Holding Group Company to accelerate the disposal of non-core and non-performing assets, thereby optimizing the company’s overall asset structure. The matter is still subject to approval by Bohua Company’s shareholders’ meeting. Upon completion, Bohua Company will no longer be included in the listed company’s consolidated statements, but the overall timeline remains highly uncertain.

Impact on stocks 1

Others▲ · 1 stocks

Off-coverage companies 2

上海三毛资产管理有限公司Private± Mixed
Capitalrelevance

Wholly-owned subsidiary holds stake in Bohua; liquidation affects its asset disposal.

重庆机电控股（集团）公司Private± Mixed
Capitalrelevance

Parent group directive to dispose non-core assets; indirect impact.

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