Bestore(SH:603719) Zhong Guo Jing Ji Wang·2025-07-18 08:24Core Viewpoint - The company, Liangpinpuzi, is undergoing a significant change in its controlling shareholder, transitioning from Ningbo Hanyi to Wuhan Yangtze International Trade Group, which is expected to enhance its operational capabilities and governance structure [1][2][3]. Shareholder Changes - The current controlling shareholder, Ningbo Hanyi and its action group, hold 153,257,214 shares, accounting for 38.22% of the total shares. After the transfer, the new controlling shareholder, Wuhan Yangtze International Trade Group, will hold 84,210,000 shares, representing 21.00% of the total shares [2][3]. - The share transfer agreement stipulates a price of 12.42 CNY per share for 72,239,880 shares from Ningbo Hanyi and 11,970,120 shares from Liangpin Investment, totaling approximately 1.05 billion CNY [4]. Financial Performance - In 2024, Liangpinpuzi reported a revenue of 7.16 billion CNY, a decrease of 11.02% year-on-year, and a net loss attributable to shareholders of 46.10 million CNY, compared to a profit of 180.29 million CNY in the previous year [8][9]. - The first quarter of 2025 showed a revenue of 1.73 billion CNY, down 29.34% year-on-year, with a net loss of 36.15 million CNY, compared to a profit of 62.48 million CNY in the same period last year [10][12]. Legal and Regulatory Considerations - The share transfer is subject to approval from the shareholders' meeting, regulatory authorities, and compliance checks by the Shanghai Stock Exchange [4][6]. - There is an ongoing legal dispute involving Ningbo Hanyi, which has led to the freezing of 79,763,962 shares, potentially complicating the transfer of control [5][6].