Story
Bohui Technology Shareholders to Sell 14.6% Stake for ¥239 Million in Private Deal
Bohui Technology (688004.SH) announced that its controlling shareholders, along with parties acting in concert and other investors, have entered into an agreement to sell a combined 14.6% stake in the company. The shares will be acquired by Shenzhen Mingxin Hongzhi Technology Partnership in a deal valued at approximately ¥239 million (about $33 million).
Transaction Details
According to a company announcement cited by Zhitong Finance APP, the transaction involves the transfer of 11.6956 million unrestricted, publicly traded shares. The agreed-upon price is ¥20.4 per share.
The selling parties include:
- Controlling shareholders Sun Chuanming and Guo Zhongwu.
- Concerted party Beijing Boju Ruizhi Investment Consulting Center.
- Other shareholders including Beijing Jetsen Technology Co., Ltd., Zheng Jinfu, Wang Rongfang, and Chen Heng.
AdImpact on Shareholding Structure
Upon completion of the transfer, the buyer, Mingxin Hongzhi, will hold a 14.6% stake in Bohui Technology, making it a significant shareholder with a holding of over 5%.
However, the company explicitly stated that the transaction will not result in a change of control. Sun Chuanming and Guo Zhongwu will remain the actual controllers of Bohui Technology, ensuring leadership and strategic continuity for the time being. This move introduces a substantial new investor without disrupting the existing management framework.
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