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GUOQUAN (02517.HK) Controlling Shareholder Guoxiaoquan Management Plans 11.8% Discount Placement of 124.5M Shares, Involving Over HKD473M
2026-04-16 08:13:30 GUOQUAN (02517.HK) announced that its controlling shareholder, Guoxiaoquan Management, intends to sell 124.5 million shares to potential buyers, representing approximately 4.74% of the company's total issued share capital. The selling price is HKD3.8 per share, representing a discount of 11.8% to yesterday's (15th) closing price of HKD4.31, involving approximately HKD473 million in proceeds. Upon completion, Guoxiaoquan Management's shareholding in the company will decrease from approximately 12.61% to approximately 7.88%. Yang Mingchao, Chairman of the Board, Executive Director and Chief Executive Officer of the Group, is the controlling shareholder of Guoxiaoquan Management. Meanwhile, the company received letters of undertaking from Yang Mingchao, Meng Xianjin, Li Xinhua, Guoquan Industrial, Guoxiaoquan Management and Guoxiaoquan Technology. Based on their firm confidence in the company's long-term value and development prospects, the controlling shareholder voluntarily undertakes not to dispose of any shares of the company directly or indirectly held by them in any manner for 180 days from today (16th) to October 12. (jl/w)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |