Bestore Controlling Stock to Switch Hands in 1.05 Billion Yuan Deal

MT Newswires Live07-18

Bestore (SHA:603719) controlling shareholder Ningbo Hanyi Venture Capital Partnership and another party will transfer 84,210,000 shares, or 21% of the stock, to Changjiang International Trade for 1.05 billion yuan, according to a Friday filing with the Shanghai bourse.

Ningbo Hanyi Venture Capital Partnership will transfer 72,239,880 shares, equivalent to 18.01% of Bestore, while Ningbo Bestore Investment Management will transfer 11,970,120 shares, or 2.99% of the company, for 12.42 yuan apiece.

Upon completion, Changjiang International Trade will be Bestore's controlling shareholder, with 21%, the filing said.

Ningbo Hanyi's stock will reduce to 17.22% from 35.23% while Ningbo Bestore will no longer have any shareholding, the filing said.

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/2552465968?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-18 17:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2552465968","market":"hk","top_or_hot":-1,"title":"Bestore Controlling Stock to Switch Hands in 1.05 Billion Yuan Deal","media":"MT Newswires Live","content":"<html><body><p> Bestore (SHA:603719) controlling shareholder Ningbo Hanyi <a href=\"https://laohu8.com/S/V03.SI\">Venture</a> Capital Partnership and another party will transfer 84,210,000 shares, or 21% of the stock, to Changjiang International Trade for 1.05 billion yuan, according to a Friday filing with the Shanghai bourse.</p><p>Ningbo Hanyi Venture Capital Partnership will transfer 72,239,880 shares, equivalent to 18.01% of Bestore, while Ningbo Bestore Investment Management will transfer 11,970,120 shares, or 2.99% of the company, for 12.42 yuan apiece.</p><p>Upon completion, Changjiang International Trade will be Bestore's controlling shareholder, with 21%, the filing said.</p><p>Ningbo Hanyi's stock will reduce to 17.22% from 35.23% while Ningbo Bestore will no longer have any shareholding, the filing said.</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>Bestore Controlling Stock to Switch Hands in 1.05 Billion Yuan Deal</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\">\nBestore Controlling Stock to Switch Hands in 1.05 Billion Yuan Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-18 17:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Bestore (SHA:603719) controlling shareholder Ningbo Hanyi <a href=\"https://laohu8.com/S/V03.SI\">Venture</a> Capital Partnership and another party will transfer 84,210,000 shares, or 21% of the stock, to Changjiang International Trade for 1.05 billion yuan, according to a Friday filing with the Shanghai bourse.</p><p>Ningbo Hanyi Venture Capital Partnership will transfer 72,239,880 shares, equivalent to 18.01% of Bestore, while Ningbo Bestore Investment Management will transfer 11,970,120 shares, or 2.99% of the company, for 12.42 yuan apiece.</p><p>Upon completion, Changjiang International Trade will be Bestore's controlling shareholder, with 21%, the filing said.</p><p>Ningbo Hanyi's stock will reduce to 17.22% from 35.23% while Ningbo Bestore will no longer have any shareholding, the filing said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SWCH","symbol_name":"Switch Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2552465968","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552465968","pubTimestamp":1752829751,"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":"Bestore  controlling shareholder Ningbo Hanyi Venture Capital Partnership and another party will transfer 84,210,000 shares, or 21% of the stock, to Changjiang International Trade for 1.05 billion yuan, according to a Friday filing with the Shanghai bourse.Ningbo Hanyi Venture Capital Partnership will transfer 72,239,880 shares, equivalent to 18.01% of Bestore, while Ningbo Bestore Investment Management will transfer 11,970,120 shares, or 2.99% of the company, for 12.42 yuan apiece.Upon completion, Changjiang International Trade will be Bestore's controlling shareholder, with 21%, the filing said.Ningbo Hanyi's stock will reduce to 17.22% from 35.23% while Ningbo Bestore will no longer have any shareholding, the filing said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"603719":"良品铺子","SWCH":"Switch Inc.","BK4513":"直播概念","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK0209":"零售","BK4116":"互联网服务与基础架构","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC"},"translate_title":"良品铺子控股权10.5亿元易主","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"603719":0.9,"SWCH":1},"content_text":"Bestore (SHA:603719) controlling shareholder Ningbo Hanyi Venture Capital Partnership and another party will transfer 84,210,000 shares, or 21% of the stock, to Changjiang International Trade for 1.05 billion yuan, according to a Friday filing with the Shanghai bourse.Ningbo Hanyi Venture Capital Partnership will transfer 72,239,880 shares, equivalent to 18.01% of Bestore, while Ningbo Bestore Investment Management will transfer 11,970,120 shares, or 2.99% of the company, for 12.42 yuan apiece.Upon completion, Changjiang International Trade will be Bestore's controlling shareholder, with 21%, the filing said.Ningbo Hanyi's stock will reduce to 17.22% from 35.23% while Ningbo Bestore will no longer have any shareholding, the filing said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"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":"4.35.12","shortVersion":"4.35.12","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/2552465968","isCrawlerRequest":true}