Jiangxi Special Electric Motor (SHE:002176) said actual controller Wang Xin raised his indirect ownership to 9.3% from 4.1%.
Wang's stake rose after Wubai Yingli signed agreements to acquire a 36.9% equity stake in controlling shareholder Jiangte Electric from 20 shareholders, according to a Tuesday filing with the Shenzhen bourse.
Shares of the specialty motors and battery materials maker rose 4% in recent trade.
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