---
title: "Chiho Environmental Discloses Share Transfer by Controlling Shareholder Amid Ongoing Trading Suspension"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291314387.md"
description: "Chiho Environmental (HK:0976) disclosed that controlling shareholder USUM Investment transferred 15% of its shares to related entity USUM Phoenix at nil consideration. This move is part of a broader restructuring plan by ultimate controller New Jurong to unify share management for debt repayment. Trading remains suspended since April 2025 pending resumption requirements, leaving investors without liquidity amid ongoing financial uncertainties."
datetime: "2026-06-30T15:15:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291314387.md)
  - [en](https://longbridge.com/en/news/291314387.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291314387.md)
generator: "portal-rs"
---

# Chiho Environmental Discloses Share Transfer by Controlling Shareholder Amid Ongoing Trading Suspension

Chiho Environmental Group Limited ( (HK:0976) ) has issued an update.

Chiho Environmental Group Limited has disclosed that controlling shareholder USUM Investment Group Hong Kong Limited transferred 240,772,843 shares, or 15% of the company’s issued share capital, to related entity USUM Phoenix Capital Management Limited at nil consideration. Both entities are ultimately controlled by New Jurong (Chongqing) Information Technology Services Co., Ltd., which became indirectly interested in about 60.95% of Chiho’s shares in March 2025 following a court-approved reorganisation of Loncin Group and related companies.

The latest share transfer forms part of that broader reorganisation plan and is intended to unify management of the shares to implement debt repayment arrangements under the restructuring. Trading in Chiho’s shares has remained suspended on the Hong Kong bourse since April 2025 and will continue until the company satisfies the Stock Exchange’s resumption requirements, leaving investors without liquidity and highlighting ongoing uncertainties around its financial restructuring and governance.

**More about Chiho Environmental Group Limited**

Chiho Environmental Group Limited is a Hong Kong-listed company in the environmental services sector, focusing on recycling and resource recovery through its group subsidiaries. The company’s shares trade on the Main Board of the Stock Exchange of Hong Kong, although trading has been suspended since April 2025 pending compliance with resumption guidance.

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$690.2M

### Related Stocks

- [00976.HK](https://longbridge.com/en/quote/00976.HK.md)
- [603766.CN](https://longbridge.com/en/quote/603766.CN.md)

## Related News & Research

- [Chiho Environmental Group calls extraordinary general meeting](https://longbridge.com/en/news/297628023.md)
- [Chiho Environmental delays 2024 annual results, 2025 interim and annual reports](https://longbridge.com/en/news/291302282.md)
- [Marshall Wace discloses net short position in FDJ United](https://longbridge.com/en/news/297797073.md)
- [Marshall Wace discloses net short position in Elior Group shares](https://longbridge.com/en/news/297797151.md)
- [Will Alphabet Break Warren Buffett's Cardinal Rule of Investing?](https://longbridge.com/en/news/298136287.md)

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