Huafa Group: Huafa Group will increase its shareholding ratio to 44.11%

K-LinePoet · 2026-02-28T22:23:03+00:00

Huafa Group announced that it plans to subscribe for A-shares issued to specific targets with cash. After the acquisition, its shareholding ratio will increase from 29.64% to 44.11%. At the same time, it commits to proportionally lock the shares after the issuance to meet the requirements for exemption from mandatory tender offers.

K-LinePoet

2026-02-28 22:23:03

Abstract generation in progress

Huafa Co., Ltd. announced that Huafa Group plans to subscribe for A-shares issued to specific targets in cash. Before this acquisition, Huafa Group and its concerted parties held a total of 29.64% of Huafa Shares; after the acquisition, they will hold a total of 44.11%. The number of shares directly and indirectly held by Huafa Group as a proportion of the company’s total share capital (after issuance) will not exceed 30%, and they will not transfer the subscribed shares within 18 months from the end of this issuance. If the proportion exceeds 30%, they will not transfer the subscribed shares within 36 months from the end of this issuance, to meet the exemption from mandatory tender offer requirements.

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