---
title: "Bestore's controlling stake transfer case has been unconditionally approved"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258269826.md"
description: "The transfer of controlling rights of Bestore has been unconditionally approved by the Chongqing Municipal Market Supervision Administration. The equity acquisition case of Bestore Co., Ltd. by Wuhan Yangtze International Trade Group was approved on September 10. Bestore announced that the second largest shareholder, Dayong Limited, signed a supplementary agreement with Wuhan Yangtze International Trade, extending the equity transfer deadline to October 15. The transaction still requires confirmation from state-owned assets supervision and the exchange, and its completion remains uncertain, with the delay possibly influenced by the lawsuit from Guangzhou State-owned Assets"
datetime: "2025-09-22T03:29:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258269826.md)
  - [en](https://longbridge.com/en/news/258269826.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258269826.md)
---

# Bestore's controlling stake transfer case has been unconditionally approved

According to a recent list of unconditional approvals for operator concentration cases released by the Chongqing Municipal Market Supervision Administration, the "Wuhan Yangtze International Trade Group Co., Ltd. acquisition of Bestore Co., Ltd. equity case" was unconditionally approved on September 10. However, according to Bestore's announcement on September 17, the second largest shareholder, Dayong Co., Ltd., has signed a supplementary agreement with Wuhan Yangtze International Trade, extending the final deadline for the transfer of 445 million yuan and 8.99% equity to October 15. The original agreement price on July 17 was 12.34 yuan per share; the transaction still requires state-owned asset supervision, exchange confirmation, and transfer registration, and its completion remains uncertain. The delay may be influenced by the lawsuit from Guangzhou State-owned Assets Guangzhou Light Industry and Trade Group Co., Ltd

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