---
title: "ZBD's controlling shareholder passively reduced its holdings due to bond conversion, with shareholding dropping to 59.87%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258045507.md"
description: "Heilongjiang ZBD Pharmaceutical's controlling shareholder Chuangda Group passively reduced its holdings due to bond conversion, with its shareholding ratio decreasing from 60.85% to 59.87%. From August 2 to September 18, Chuangda Group converted a total of 16,550,986 shares through exchangeable bonds, accounting for 1.76% of the total share capital. This change does not trigger a mandatory takeover bid, and the controlling shareholder and actual controller have not changed. The company will continue to monitor the share conversion matters and disclose relevant information in accordance with the law, reminding investors to pay attention to risks"
datetime: "2025-09-19T08:49:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258045507.md)
  - [en](https://longbridge.com/en/news/258045507.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258045507.md)
generator: "portal-rs"
---

# ZBD's controlling shareholder passively reduced its holdings due to bond conversion, with shareholding dropping to 59.87%

Heilongjiang Zhenbao Island Pharmaceutical Co., Ltd. issued a prompt announcement regarding changes in the equity of its controlling shareholder. From August 2 to September 18, the two phases of exchangeable bonds issued by the controlling shareholder Chuangda Group converted 9,223,963 shares, accounting for 0.98% of the total share capital; as of September 18, a total of 16,550,986 shares had been converted, accounting for 1.76%. After this equity change, Chuangda Group's shareholding ratio decreased from 60.85% to 59.87%, crossing the 60% threshold. This change is due to the bondholders' conversion of shares, resulting in a passive reduction in holdings, which does not trigger a tender offer and will not change the company's controlling shareholder and actual controller. The company will continue to monitor the share conversion matter and disclose information in accordance with regulations, reminding investors to pay attention to risks

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