Shanghai Yahong Moulding Co LtdControlling shareholder change to Feike Investment via 29.99% stake transfer and partial tender offer at 21.43 yuan/share, with plans to optimize management and diversify business.

Shanghai Yahong announced on the evening of September 16 that its controlling shareholder will change to Shanghai Feike Investment Co., Ltd., and its actual controller will change to Li Gaiteng. Trading in the company's shares will resume from market open on September 17. On September 16, Ningsheng Group, Xie Yaming, and his concert party Xie Yue signed a Share Transfer Agreement with Feike Investment, under which they intend to transfer a combined 29.99% stake in Shanghai Yahong to Feike Investment at 21.43 yuan per share, for a total consideration of approximately 900 million yuan. Ningsheng Group will transfer 12.99%, Xie Yaming 15.60%, and Xie Yue 1.40%. Subject to completion of the above agreement transfer, Feike Investment intends to make a partial tender offer to all Shanghai Yahong shareholders other than itself at 21.43 yuan per share, for 10.21% of the shares. Ningsheng Group and Xie Yaming have committed to tender 5.70% and 4.51% respectively of their tradable shares without selling restrictions. If the transaction is completed, Feike Investment's shareholding will reach 40.20%. Feike Investment's current shareholders are Li Gaiteng and Chen Yufeng, with shareholdings of 98% and 2% respectively. Shanghai Yahong stated that after this equity change is completed, Feike Investment will promote optimization of the company's management and resource allocation, improve its industrial layout, and achieve diversified business development. Shanghai Yahong's operating revenue in the first half of 2026 fell 14.26% year-on-year to 174 million yuan, and net profit attributable to the parent company fell 110.07% year-on-year to a loss of 3.7937 million yuan.
Shanghai Yahong Moulding Co LtdControlling shareholder change to Feike Investment via 29.99% stake transfer and partial tender offer at 21.43 yuan/share, with plans to optimize management and diversify business.
Feike Investment acquires 29.99% stake and launches partial tender offer, reaching 40.20% ownership to become controlling shareholder.
Ningsheng Group is selling its 12.99% stake and committing to tender 5.70% more, exiting control of Shanghai Yahong.