--- title: "Chengtai has acquired a minimum number of ordinary shares of Yuguo" type: "News" locale: "en" url: "https://longbridge.com/en/news/276877246.md" description: "Cheng Tai (1583) has met the conditions for the minimum acquisition of ordinary shares of Yu Guo Frozen Refrigeration Company, with shareholders expected to sell 5.988 million shares. The acquisition will continue until March 3rd. If successful, Cheng Tai's shareholding will increase from 9.7% to 24.35%, becoming the largest single corporate shareholder. Yu Guo is expected to hold a shareholders' meeting at the end of June to fully re-elect the board of directors. Market analysis believes that Cheng Tai will leverage the new equity advantage to push the company's governance back on track. Jiu Yu International Investment is also conducting equity acquisitions, planning to increase its stake to 14.33%" datetime: "2026-02-25T11:16:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276877246.md) - [en](https://longbridge.com/en/news/276877246.md) - [zh-HK](https://longbridge.com/zh-HK/news/276877246.md) --- # Chengtai has acquired a minimum number of ordinary shares of Yuguo Cheng Tai （1583） Machinery's public acquisition of Yu Guo Frozen and Refrigerated Company's common stock has reached the minimum acquisition quantity. On the 25th, Cheng Tai stated that shareholders have agreed to sell 5.988 million shares, achieving the conditions for the public acquisition, and the selling shareholders have met the target for the post-New Year red envelope market; the public acquisition by Cheng Tai will continue until 3:30 PM on March 3rd. Cheng Tai indicated that after the acquisition ends on March 3rd, the delivery and payment of the price are expected to be completed within 5 business days, with a clear timeline. Yu Guo is expected to hold a shareholders' meeting at the end of June to fully re-elect the board of directors. Cheng Tai earlier stated that it does not rule out cooperation with acquisition competitor Jiu Yu International Investment to seek opportunities for participation in management. As the acquisition progresses smoothly, Cheng Tai Group's equity landscape in Yu Guo will undergo significant changes. According to statistics, Cheng Tai Group currently holds approximately 9.7% of Yu Guo's equity. If this public acquisition successfully reaches the predetermined upper limit of 14.65%, the total shareholding will rise to 24.35%. Cheng Tai will thus surpass the single investment company within the management team's family and become the largest single legal shareholder. Market analysts believe that holding this 20% equity will give Cheng Tai a crucial and strategic power in this year's shareholders' meeting and board re-election. The outside world expects Cheng Tai to leverage this emerging equity advantage to become the main force in Yu Guo's internal control mechanism, especially focusing on promoting corporate governance back on track. This reform, ignited by the extremely high price-to-earnings ratio of 40, has also prematurely ignited the flames of the management rights struggle in Yu Guo as the acquisition conditions are met and the status of the major shareholder is established. Yu Guo, with its main operational focus on meat products, warehousing, and construction, is expected to hold a shareholders' meeting at the end of June to fully re-elect 6 directors and 3 independent directors. The current management team, led by Yang Yu Wei, holds the majority of seats, with the market initially estimating that the management team controls over 40%, but does not exceed half of the equity. Earlier, one of the directors, Jiu Yu International Investment, proposed to publicly acquire 5% of Yu Guo's equity at a price of NT$37 per share from February 2nd to March 9th. Cheng Tai subsequently announced on the evening of the 4th that it would invest NT$700 million to publicly acquire Yu Guo's stock at NT$40 per share, starting from February 6th until March 3rd, with an upper limit of 14.65%. Currently, Jiu Yu holds approximately 9.33% of Yu Guo's equity, and this time it intends to acquire an additional 5% equity, bringing the total shareholding to 14.33% ### Related Stocks - [01583.HK](https://longbridge.com/en/quote/01583.HK.md) ## Related News & Research - [06:07 ETSeaPak Honors America's 250th Through Its Legacy of Seafood Innovation](https://longbridge.com/en/news/290812062.md) - [Tinexta says Zinc BidCo publishes tender offer document for up to 4,724,374 shares at EUR 15 each](https://longbridge.com/en/news/290987175.md) - [Nomad Foods report says European households waste up to EUR 624 a year on discarded fresh vegetables](https://longbridge.com/en/news/290523934.md) - [11:07 ETMouton Cadet introduces a new way to enjoy Bordeaux: chillable red wine meets cocktail culture](https://longbridge.com/en/news/290984424.md) - [Menroc Asset Management Sees Growing Preference for Income-Focused Investments](https://longbridge.com/en/news/290526283.md)