Hongda High-Tech Holding Co LtdControlling shareholder change and capital injection of up to 600 million yuan to supplement working capital.
ST Hongda announced that controlling shareholder and actual controller Zhu Enwei signed a Cooperation Framework Agreement with Jurong Technology, planning to transfer 5% of the listed company's shares to Jurong Technology. At the same time, the company plans to issue shares to Jurong Urumqi Technology Co., Ltd. to raise no more than 600 million yuan, with the net proceeds fully used to supplement working capital. After this issuance, Jurong Technology will hold 151 million shares of the company, accounting for 26.92% of the total share capital after issuance, becoming the single largest shareholder. As a result, the listed company's controlling shareholder will change to Jurong Technology, and the actual controller will change to Lin Rongsheng.
Hongda High-Tech Holding Co LtdControlling shareholder change and capital injection of up to 600 million yuan to supplement working capital.
Shanghai Hongda New Material Co LtdControlling shareholder change and capital injection of up to 600 million yuan to supplement working capital.
Becoming the single largest shareholder of ST Hongda after share issuance.