---
title: "SG plans to acquire assets from its indirect controlling shareholder, but the transaction still carries uncertainties"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259482236.md"
description: "Fujian SG Group Co., Ltd. is planning to acquire a 51% stake in Fujian Shuchan Mingshang Technology Co., Ltd., with the transaction funds sourced from its own or self-raised capital. Although the audit, due diligence, and evaluation work have been completed, the transaction plan is still under negotiation, and formal documents have not yet been signed, resulting in uncertainty regarding the final completion and approval of the transaction"
datetime: "2025-09-30T08:48:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259482236.md)
  - [en](https://longbridge.com/en/news/259482236.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259482236.md)
generator: "portal-rs"
---

# SG plans to acquire assets from its indirect controlling shareholder, but the transaction still carries uncertainties

On September 30, 2025, Fujian SG Co., Ltd. announced the progress of its acquisition. The company is planning to acquire 51% of the equity of Fujian Shuchan Mingshang Technology Co., Ltd. in cash, with funding sourced from its own or self-raised funds. After the transaction is completed, it will become its controlling shareholder. According to the 2024 audit data, it is expected not to constitute a major asset reorganization. Currently, the audit, due diligence, and evaluation work have been completed, and the evaluation report has been filed. However, the transaction plan is still under negotiation, and the relevant parties have not signed formal documents. This transaction is still in the planning stage, and it is uncertain whether the parties can reach an agreement or whether it can pass decision-making approval. The company will disclose information in accordance with regulations

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