HTDC(SH:601188) Zheng Quan Zhi Xing·2025-07-23 16:14Core Viewpoint - The major shareholder of Heilongjiang Transportation Development Co., Ltd., Suinong Holdings Co., Ltd., has reduced its stake from 7.89% to 6.89%, triggering a mandatory tender offer obligation [1][2]. Group 1: Shareholder Information - The shareholder involved in the equity change is Suinong Holdings Co., Ltd., along with its concerted action party, Guangzhou Chensong Investment Partnership (Limited Partnership) [1]. - The equity change was reported to have occurred between July 21, 2025, and July 22, 2025, through centralized bidding transactions [2]. Group 2: Equity Change Details - The total number of shares held before the change was 10,386,000 shares, representing 7.89% of the total shares [2]. - After the reduction, the total number of shares held is 9,071,000 shares, which corresponds to 6.89% of the total shares [2]. - The change in equity has reached the 1% threshold, which is significant under regulatory requirements [1][2]. Group 3: Regulatory Compliance - The equity change complies with the relevant regulations, including the Interim Measures for the Administration of Shareholders' Reduction of Holdings and the Shanghai Stock Exchange Listing Rules [2]. - The actual controller's change is not expected to have a significant impact on the company's governance structure or ongoing operations [2].