Lian'an Life Insurance plans to acquire a 5% stake in Zhongshan Public for 899 million yuan

LightningPacketLoss · 2026-04-07T22:58:19+00:00

On April 2nd, Zhongshan Public issued an announcement stating that the company's controlling shareholder, Zhongshan Investment Holding Group Co., Ltd. (hereinafter referred to as "Zhongshan Investment"), intends to transfer 73.76M shares of the company through a public solicitation and agreement transfer, accounting for 5% of the company's current total share capital. After a comprehensive review, Zhongshan Investment has identified Lian Life Insurance Co., Ltd. (hereinafter referred to as "Lian Life Insurance") as the final transferee, and both parties signed the "Share Transfer Agreement" on April 1st.By mutual agreement between the transferor and the transferee, the per-share transfer price is set at 12.19 yuan per share, with a total transfer amount of 899 million yuan.Before this equity change, Lian Life Insurance held 46M shares, accounting for 3.12% of the company's current total share capital. After this equity change, Lian Life Insurance will hold 120 million shares, accounting for 8.12% of the company's current total share capital, and will become a major shareholder of the company.

LightningPacketLoss

2026-04-07 22:58:19

On April 2, Zhongshan Public Utilities released an announcement stating that the company’s controlling shareholder, Zhongshan Investment Holding Group Co., Ltd. (hereinafter referred to as “Zhongshan Investment Holding”), intends to transfer the company shares it holds—73.75567 million shares—representing 5% of the company’s current total share capital, through an agreement transfer process by way of public solicitation. After comprehensive evaluation by Zhongshan Investment Holding, it was determined that Lian An Life Insurance Co., Ltd. (hereinafter referred to as “Lian An Life”) is the final transferee. Both parties have signed the “Share Transfer Agreement” on April 1.

After consultation and agreement between the transferor and the transferee, the per-share transferee price has been set at RMB 12.19 per share, and the total consideration for the transfer of the underlying shares is RMB 899 million.

Before this change in equity, Lian An Life held 46.000022 million shares of the company, representing 3.12% of the company’s current total share capital. After this change in equity, Lian An Life will hold 120 million shares of the company, representing 8.12% of the company’s current total share capital, and will become a shareholder holding more than 5% of the company’s shares.

(Zhongshan Public Utilities)

(Editor: Qian Xiaorui)

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