---
title: "Chengtai's public acquisition of Yuguo shares has increased its cumulative holdings to 17.5228%, and it does not rule out the possibility of continuing to acquire shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277644915.md"
description: "Cheng Tai Machinery (1583) publicly acquired common shares of Yu Guo Refrigeration Company, with a deadline of the afternoon of the 3rd, accumulating a total of 8,388 common shares, increasing its shareholding ratio to 17.5228%. Cheng Tai stated that it will continue to acquire Yu Guo's stock. Yu Guo is expected to hold a shareholders' meeting at the end of June to conduct a board election. Cheng Tai may collaborate with its acquisition competitor Jiu Yu International Investment to seek business opportunities"
datetime: "2026-03-03T15:08:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277644915.md)
  - [en](https://longbridge.com/en/news/277644915.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277644915.md)
---

# Chengtai's public acquisition of Yuguo shares has increased its cumulative holdings to 17.5228%, and it does not rule out the possibility of continuing to acquire shares

Cheng Tai Machinery （1583） announced that the public acquisition of ordinary shares of Yu Guo Refrigeration Co., Ltd. will close on the afternoon of the 3rd. This public acquisition has accumulated a total of 8,388 ordinary shares, accounting for 7.0228%; combined with Cheng Tai's original shareholding of 10.5%, the total shareholding ratio has reached 17.5228%. Cheng Tai stated that it does not rule out the possibility of continuing to acquire Yu Guo shares in the future.

Cheng Tai indicated that the minimum acquisition quantity for this public acquisition of Yu Guo shares is 5,972 shares, and the accumulated number of shares to be sold has exceeded the minimum acquisition quantity as of February 10, thus fulfilling the conditions for this public acquisition.

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 the competitor Jiu Yu International Investment to seek opportunities for participation in management.

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 2 to March 9. Cheng Tai subsequently announced on the evening of the 4th that it would invest NT$700 million to publicly acquire Yu Guo shares at NT$40 per share, from February 6 to March 3, with a cap of 14.65%.

In this public acquisition, a total of 8,388 shares were acquired, although it did not reach the originally set cap of 14.65%, the company emphasized that the conditions for the public acquisition have been fulfilled, and the public acquisition should be considered successful, with no exclusion of continued acquisition of Yu Guo shares in the future

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