---
title: "SMEIC: The controlling shareholder intends to transfer 5% of its shares through an agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245677413.md"
description: "SMEIC announced that its controlling shareholder, Shanghai Electric, has signed a share transfer agreement with Shanggong Investment Management, intending to privately transfer 51.137 million shares of the company. Before the change in equity, Shanghai Electric held 48.81% of the company's shares, which will decrease to 43.81% after the change, while Shanggong Investment Management will hold 5% of the shares. This change does not affect the controlling shareholder and the actual controller"
datetime: "2025-06-23T10:38:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245677413.md)
  - [en](https://longbridge.com/en/news/245677413.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245677413.md)
generator: "portal-rs"
---

# SMEIC: The controlling shareholder intends to transfer 5% of its shares through an agreement

Shanghai Mechanical and Electrical announced that its controlling shareholder Shanghai Electric signed a share transfer agreement with Shanggong Investment Management. Shanghai Electric intends to privately transfer 51.137 million shares of the company to the transferee. Before the change in equity, Shanghai Electric directly held 491 million A-shares of the company, and through its wholly-owned subsidiary Shanghai Electric Hong Kong Limited, it held 8.1177 million B-shares of the company, accounting for a combined total of 48.81% of the company's total share capital. After the change in equity, Shanghai Electric's direct shareholding will decrease by 51.137 million shares, and its combined shareholding ratio will drop from 48.81% to 43.81%. Shanggong Investment Management will hold 51.137 million shares of the company, accounting for 5% of the company's total share capital. This change in equity will not result in a change in the company's controlling shareholder or actual controller

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**