Core Viewpoint - The company is undergoing a significant change in control, with a transfer of shares to Wuhan Lian Investment Co., Ltd., which will become the new controlling shareholder, while the actual controller will change to the Hubei Provincial State-owned Assets Supervision and Administration Commission [1][2][3] Group 1 - On July 8, 2025, the company received a notice from its controlling shareholder, Shanghai Sanxiang Investment Holding Co., Ltd., regarding the termination of the equity transfer agreement with Wuhan Lian Investment Co., Ltd. [1] - On November 16, 2023, an agreement was signed for the transfer of 295,174,890 shares, representing 25.00% of the total shares, from the controlling shareholder and its affiliates to Wuhan Lian Investment [1][2] - The transfer includes 121,024,988 shares from Sanxiang Holding (10.25%) and 174,149,902 shares from Huang Hui (14.75%) [1] Group 2 - A voting rights waiver agreement was signed on November 16, 2023, where Sanxiang Holding waived voting rights for 96,758,596 shares (8.20%) and Huang Wei Zhi waived rights for 21,311,360 shares (1.80%) [2] - The waiver period lasts until the combined shareholding of Wuhan Lian Investment and its concerted parties exceeds the combined shareholding of Huang Hui and others by 10% [2] Group 3 - The company signed a conditional stock subscription agreement with Hubei Provincial United Development Investment Group, planning to issue up to 354,209,868 shares to raise a maximum of 1,020,124,420 yuan for working capital and debt repayment [3] - The first payment of 173,250,000 yuan for the acquisition was made to the escrow account on December 28, 2023 [4] Group 4 - On May 20, 2025, the company received a termination notice from Wuhan Lian Investment, indicating that the equity transfer agreement had triggered termination conditions [5] - Following the termination of the agreement, the company stated that its development strategy, operational planning, and main business would remain unchanged [5]
联投置业终止收购三湘印象