---
title: "SID: Shanghai SID has become the indirect controlling shareholder of the company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261034305.md"
description: "SID announced that its actual controller, the Shanghai State-owned Assets Supervision and Administration Commission, will transfer its 100% equity in Shanghai Shanshi Group to Jinzhong Holdings, a wholly-owned subsidiary of Shanghai Shanshi. As a result, the indirect control of the company's shares by Shanghai Shanshi will increase from the original 6.06% to 56.18%, making it the indirect controlling shareholder of the company"
datetime: "2025-10-14T10:14:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261034305.md)
  - [en](https://longbridge.com/en/news/261034305.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261034305.md)
---

# SID: Shanghai SID has become the indirect controlling shareholder of the company

SID announced that its actual controller, the Shanghai State-owned Assets Supervision and Administration Commission, will transfer its 100% equity in Shanghai SID Group to its wholly-owned subsidiary, Jinzhong Holdings, thereby increasing Shanghai SID's indirect control of the company's shares from the original 6.06% to 56.18%, making it the company's indirect controlling shareholder

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