United Chemical announced on September 30 that its controlling shareholder Sunshine Chemical plans to transfer 10.976 million shares, representing 7% of the company's total share capital, to Guangzhou Jinxin Private Fund Management Co., Ltd., acting on behalf of the Jinxin Qihang No. 2 Private Securities Investment Fund, through an agreement-based transfer. The transfer price is 47.84 yuan per share, with total consideration of 525 million yuan. The announcement stated that this agreement-based transfer does not involve a tender offer and will not result in a change of the company's controlling shareholder or actual controller.
Longkou Union Chemical Co. Ltd. AControlling shareholder Sunshine Chemical is transferring a 7% stake via agreement-based transfer for 525 million yuan, with no change in control.
