Chongqing Machinery & Electric Controlling Shareholder Rejigs Ownership Structure

MT Newswires Live

Feb 27, 2025

Chongqing Machinery & Electric (HKG:2722) controlling shareholder Chongqing Machinery & Electronics Holding (Group) or CQMEHG will reshuffle its ownership structure.

The controlling shareholder will receive a 5 billion yuan capital injection from Yufu Holding as part of an internal restructuring, according to a Wednesday filing with the Hong Kong Stock Exchange.

Following the capital increase, Yufu Holding will hold about 44.58% equity interest in the controlling shareholder.

Ultimate controlling shareholder Chongqing State-owned Assets Supervision and Administration Commission or Chongqing SASAC will also transfer a 35.42% stake in CQMEHG to Yufu Holding, the filing said.

Following the transfers, Yufu Holding will hold a total 80% stake in CQMEHG and will become the indirect controlling shareholder of Chongqing Machinery & Electric.

CQMEHG will stay as the direct controlling shareholder, while Chongqing SASAC will stay on as the ultimate controlling shareholder.

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Electric (HKG:2722) controlling shareholder Chongqing Machinery &amp; Electronics Holding (Group) or CQMEHG will reshuffle its ownership structure.</p><p>The controlling shareholder will receive a 5 billion yuan capital injection from Yufu Holding as part of an internal restructuring, according to a Wednesday filing with the Hong Kong Stock Exchange.</p><p>Following the capital increase, Yufu Holding will hold about 44.58% equity interest in the controlling shareholder.</p><p>Ultimate controlling shareholder Chongqing State-owned Assets Supervision and Administration Commission or Chongqing SASAC will also transfer a 35.42% stake in CQMEHG to Yufu Holding, the filing said.</p><p>Following the transfers, Yufu Holding will hold a total 80% stake in CQMEHG and will become the indirect controlling shareholder of Chongqing Machinery &amp; Electric.</p><p>CQMEHG will stay as the direct controlling shareholder, while Chongqing SASAC will stay on as the ultimate controlling shareholder.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02722","symbol_name":"重庆机电","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514714638","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514714638","pubTimestamp":1740651922,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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