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

LightningPacketLoss · 2026-04-03T18:14:52+00:00

Zhongshan Public Announcement states that the controlling shareholder Zhongshan Investment Holdings plans to publicly transfer 73.76M shares. The transferee is Lian'an Life Insurance, with a transfer price of 12.19 yuan per share, totaling 899 million yuan. After the transfer, Lian'an Life Insurance's shareholding will increase to 8.12%, making it a shareholder with over 5% of the company.

LightningPacketLoss

2026-04-03 18:14:52

Abstract generation in progress

On April 2, Zhongshan Public Utilities issued an announcement stating that the company’s controlling shareholder, Zhongshan Investment Holding Group Co., Ltd. (hereinafter referred to as “Zhongshan Investment Holding”), plans to transfer the company shares it holds, totaling 73.75567 million shares, representing 5% of the company’s current total share capital, through a process of transferring them via public solicitation.

After comprehensive evaluation by Zhongshan Investment Holding, Anlian Life Insurance Co., Ltd. (hereinafter referred to as “Anlian Life”) was determined to be the final transferee. On April 1, both parties signed a “Share Transfer Agreement.”

After consultation between the transferor and the transferee, the per-share transfer price was set at RMB 12.19 per share, and the total consideration for the underlying shares to be transferred is RMB 899 million.

Before this change in equity, Anlian Life held 46.00022 million shares of the company, representing 3.12% of the company’s current total share capital. After this change in equity, Anlian 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 )

(Edited by: Qian Xiaorui)

Key words:

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.