China Aoyuan to Get New Controlling Shareholder After Ace Rise Profits Agrees to Transfer Shares

MT Newswires Live09-24

China Aoyuan Group's (HKG:3883) substantial shareholder, Ace Rise Profits, agreed to transfer 621,728,877 ordinary shares it holds in the company to Multi Gold, a Tuesday bourse filing said.

Following the transfer, Ace Rise Profits and Multi Gold will hold 502,232,123 and 621,728,877 shares, respectively in the firm, representing around 13.31% and 16.48% of its issued share capital.

Guo Zi Wen, who is interested in the entire issued share capital of Ace Rise Profits, will subsequently hold 617,956,686, or 16.38% of the company's shares.

Multi Gold will also become the single largest shareholder of the company, replacing Guo.

In line with the transaction, Multi Gold owner Mohamed Obaid Ghulam Badakkan Alobeidli has been appointed as chairman, succeeding Guo, as well as a non-executive director.

Guo has also been re-designated from an executive director to a non-executive director.

Shares of property developer China Aoyuan Group closed nearly 2% lower on Tuesday.

Price (HKD): $0.27, Change: $-0.0050, Percent Change: -1.85%

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2469460511?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-24 20:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469460511","market":"sg","top_or_hot":-1,"title":"China Aoyuan to Get New Controlling Shareholder After Ace Rise Profits Agrees to Transfer Shares","media":"MT Newswires Live","content":"<html><body><p> China Aoyuan Group's (HKG:3883) substantial shareholder, Ace Rise Profits, agreed to transfer 621,728,877 ordinary shares it holds in the company to Multi Gold, a Tuesday bourse filing said.</p><p>Following the transfer, Ace Rise Profits and Multi Gold will hold 502,232,123 and 621,728,877 shares, respectively in the firm, representing around 13.31% and 16.48% of its issued share capital.</p><p>Guo Zi Wen, who is interested in the entire issued share capital of Ace Rise Profits, will subsequently hold 617,956,686, or 16.38% of the company's shares.</p><p>Multi Gold will also become the single largest shareholder of the company, replacing Guo.</p><p>In line with the transaction, Multi Gold owner Mohamed Obaid Ghulam Badakkan Alobeidli has been appointed as chairman, succeeding Guo, as well as a non-executive director.</p><p>Guo has also been re-designated from an executive director to a non-executive director.</p><p>Shares of property developer China Aoyuan Group closed nearly 2% lower on Tuesday.</p><p>Price (HKD): $0.27, Change: $-0.0050, Percent Change: -1.85%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Aoyuan to Get New Controlling Shareholder After Ace Rise Profits Agrees to Transfer Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Aoyuan to Get New Controlling Shareholder After Ace Rise Profits Agrees to Transfer Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China Aoyuan Group's (HKG:3883) substantial shareholder, Ace Rise Profits, agreed to transfer 621,728,877 ordinary shares it holds in the company to Multi Gold, a Tuesday bourse filing said.Following ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1555","symbol_name":"内房股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2469460511","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469460511","pubTimestamp":1727179690,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Aoyuan Group's  substantial shareholder, Ace Rise Profits, agreed to transfer 621,728,877 ordinary shares it holds in the company to Multi Gold, a Tuesday bourse filing said.Following the transfer, Ace Rise Profits and Multi Gold will hold 502,232,123 and 621,728,877 shares, respectively in the firm, representing around 13.31% and 16.48% of its issued share capital.Guo Zi Wen, who is interested in the entire issued share capital of Ace Rise Profits, will subsequently hold 617,956,686, or 16.38% of the company's shares.Multi Gold will also become the single largest shareholder of the company, replacing Guo.In line with the transaction, Multi Gold owner Mohamed Obaid Ghulam Badakkan Alobeidli has been appointed as chairman, succeeding Guo, as well as a non-executive director.Guo has also been re-designated from an executive director to a non-executive director.Shares of property developer China Aoyuan Group closed nearly 2% lower on Tuesday.Price : $0.27, Change: $-0.0050, Percent ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1555":"内房股","BK4585":"ETF&股票定投概念","03883":"中国奥园","HKD":"尚乘数科","BK1507":"粤港澳大湾区","BK4588":"碎股","BK4526":"热门中概股","BK4023":"应用软件","BK1240":"房地产开发"},"translate_title":"Ace Rise Profits同意转让股份后，中国奥园将获得新控股股东","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"03883":0.9},"content_text":"China Aoyuan Group's (HKG:3883) substantial shareholder, Ace Rise Profits, agreed to transfer 621,728,877 ordinary shares it holds in the company to Multi Gold, a Tuesday bourse filing said.Following the transfer, Ace Rise Profits and Multi Gold will hold 502,232,123 and 621,728,877 shares, respectively in the firm, representing around 13.31% and 16.48% of its issued share capital.Guo Zi Wen, who is interested in the entire issued share capital of Ace Rise Profits, will subsequently hold 617,956,686, or 16.38% of the company's shares.Multi Gold will also become the single largest shareholder of the company, replacing Guo.In line with the transaction, Multi Gold owner Mohamed Obaid Ghulam Badakkan Alobeidli has been appointed as chairman, succeeding Guo, as well as a non-executive director.Guo has also been re-designated from an executive director to a non-executive director.Shares of property developer China Aoyuan Group closed nearly 2% lower on Tuesday.Price (HKD): $0.27, Change: $-0.0050, Percent Change: -1.85%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469460511"}