Jiangxi Special Electric Motor Co.,Ltd. (002176.SZ) Actual Controller Plans to Indirectly Increase Company Shareholding

Stock News2025-09-08

Jiangxi Special Electric Motor Co.,Ltd. (002176.SZ) announced that the company recently received notification from its controlling shareholder Jiangxi Jiangte Electric Group Co., Ltd. (hereinafter referred to as "Jiangte Electric"). Beijing Wubai Yingli Technology Co., Ltd. (hereinafter referred to as "Wubai Yingli Technology"), which is controlled by Mr. Wang Xin, one of the company's actual controllers, has signed equity transfer agreements with 20 shareholders of Jiangte Electric, including Chen Xiaohong, Jiangxi Tianhao Investment Co., Ltd., Li Yong, Chen Shushen, and Chen Sijie. These 20 shareholders will transfer their combined 36.92% equity stake in Jiangte Electric to Wubai Yingli Technology. Following this transfer, Mr. Wang Xin's indirect shareholding in the company through Wubai Yingli Technology will increase from 4.08% to 9.29%. This transfer does not result in a change of control of the company.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment