Yantai North Andre Juice's (HKG:2218, SHA:605198) shareholders agreed to transfer a total of 20 million shares of the company, about 5.73% of its total share capital, to Qu Hao for 429.4 million yuan at 21.47 yuan per share, a Tuesday Hong Kong bourse filing said.
Upon completion, Yantai Lin'an Trading, one of the transferring shareholders of the company, will cease to hold any shares in the company.
While Shandong Andre Group, Donghua Fruit Industry, and China Pingan Investment, the other transferring shareholders, will have somewhat decreased shareholding in the company.
There will be no change in the controlling shareholder and de facto controller of the company.
The juice concentrate and other similar products producer's shares closed over 6% higher on Tuesday.
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