Core Viewpoint - Tianye Water Conservation (00840.HK) has announced a restructuring plan involving Tianye Group, which will result in Tianye Group gaining significant control over the new holding company [1] Group 1: Restructuring Details - The restructuring will be formalized on August 29, 2025, through a series of agreements including a share transfer agreement, voting rights entrustment agreement, and board nomination rights entrustment agreement [1] - The Eighth Division State-owned Assets Supervision and Administration Commission (SASAC) has transferred 38.40% of the new holding company's total equity to Tianye Group, with the share registration change procedures to be completed [1] - Following the completion of the restructuring, Tianye Group will be able to exercise a total voting power of 51.00% in the new holding company, while the Eighth Division SASAC will retain 49.00% voting power [1] Group 2: Financial Implications - The new holding company will become a subsidiary of Tianye Group, and its financial statements will be consolidated into Tianye Group's financial reports [1] - The Eighth Division SASAC remains the ultimate beneficial owner of Tianye Group, indicating a continued oversight role despite the change in direct controlling shareholder [1]
天业节水(00840.HK)：控股股东重组完成 公司直接控股股东变更为新控股公司