---
title: "Chiho Environmental Sees Major Shareholding Shift Amid Loncin Reorganisation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293489016.md"
description: "Chiho Environmental Group disclosed a major shareholding shift following Loncin Group's court-approved reorganisation. USUM Investment transferred its indirect 15% stake to National Trust Company for debt settlement, reducing USUM and controller Zhao Mingjun's interest from ~60.95% to 45.95%. Chiho shares remain suspended on the HKEX since April 1, 2025, pending resumption guidance."
datetime: "2026-07-22T14:37:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293489016.md)
  - [en](https://longbridge.com/en/news/293489016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293489016.md)
generator: "portal-rs"
---

# Chiho Environmental Sees Major Shareholding Shift Amid Loncin Reorganisation

The latest update is out from Chiho Environmental Group Limited ( (HK:0976) ).

Chiho Environmental Group has disclosed a significant change in its substantial shareholders following a court-approved reorganisation of Loncin Group Co., Ltd. and related companies in Chongqing. USUM Investment Group transferred its 100% stake in Chongqing Yujiuxin, which indirectly holds 15% of Chiho’s shares, to National Trust Company as trustee of the National Trust Phoenix No. 24 – Chiho Environmental Debt Settlement Trust Plan, with the plan’s beneficiaries being ordinary creditors of the Loncin reorganisation.

As a result of this restructuring-linked transfer, National Trust now holds a long position in 240,772,843 Chiho shares in a trustee capacity, while USUM Investment and its ultimate controller, Mr. Zhao Mingjun, have seen their indirect interest reduced from about 60.95% to 45.95% of the company’s issued share capital. The company’s shares remain suspended from trading on the Hong Kong Stock Exchange since April 1, 2025, pending satisfaction of resumption guidance, leaving stakeholders focused on governance stability and the outcome of the reorganisation-related trust arrangement.

**More about Chiho Environmental Group Limited**

Chiho Environmental Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the environmental services and recycling sector. The group is primarily engaged in metal recycling and related environmental management activities, serving industrial and manufacturing customers and positioning itself within China’s broader circular-economy and resource-recovery market.

**Technical Sentiment Signal:** Sell

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

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