Zhongshan Public Utility: Zhongshan Investment Holding Plans to Publicly Solicit Transfer of 5% Company Shares

K-LinePoet · 2026-03-21T12:53:06+00:00

Zhongshan Investment and Control plans to sell 73,755,600 shares of the company it holds through a public solicitation process, accounting for 5% of the total share capital. The transferee must meet certain conditions, and there is uncertainty about whether the transfer can be successfully completed. The public solicitation period is from March 17 to March 30, 2026.

K-LinePoet

2026-03-21 12:53:06

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Zhongshan Public Announcement: Zhongshan Investment Holdings plans to transfer 73,755,600 shares of the company through a public solicitation of bids, representing 5% of the company’s current total share capital. There is uncertainty regarding the acceptance of the transferee, whether approval from relevant state-owned asset supervision and administration authorities can be obtained, and whether this public solicitation transfer can be successfully completed. The intended transferee must be a single corporate entity with an asset scale of no less than RMB 5 billion, have been profitable for the past two consecutive years, and pay the full transfer price in cash. The public solicitation period for interested transferees is 10 trading days, from March 17, 2026, to March 30, 2026.

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