---
title: "HAILIANG: The shareholding ratio of the controlling shareholder has been passively diluted to 33.95% due to the conversion of convertible bonds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252806295.md"
description: "Zhejiang Hailiang Co., Ltd. announced that due to the conversion of convertible bonds, the shareholding ratio of the controlling shareholder Hailiang Group and its concerted parties was passively diluted from 34.25% to 33.95%. This change in equity does not involve a tender offer, and the controlling shareholder and concerted parties remain unchanged, which does not affect the company's governance structure and ongoing operations. The company will continue to monitor changes in shareholder equity and disclose them in accordance with regulations"
datetime: "2025-08-13T07:52:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252806295.md)
  - [en](https://longbridge.com/en/news/252806295.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252806295.md)
---

# HAILIANG: The shareholding ratio of the controlling shareholder has been passively diluted to 33.95% due to the conversion of convertible bonds

Zhejiang Hailiang Co., Ltd. announced that from August 5 to 12, 2025, the company's convertible bonds converted a total of 18,051,560 shares, increasing the total share capital from 2,052,185,305 shares to 2,070,236,865 shares. The shareholding ratio of the controlling shareholder Hailiang Group and its concerted parties was diluted from 34.25% to 33.95%, reaching a 1% integer multiple, but the number of shares held remained unchanged. This equity change does not involve a tender offer, will not lead to changes in the controlling shareholder and concerted parties, and does not affect the company's governance structure and ongoing operations. The company will continue to monitor changes in shareholder equity and disclose in accordance with regulations

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