Hua Hong Macro: Guosheng Group's Indirect Shareholding Increases to 10.22%

36Kr reports that Hua Hong Macro announced its indirect controlling shareholder, Hua Hong Group, has implemented a capital increase. Guosheng Group subscribed to the new registered capital of Hua Hong Group worth 6.127 billion yuan in cash, while the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SASAC) subscribed to an additional 19.6947 million yuan. Upon completion of this transaction, Guosheng Group's equity stake in Hua Hong Group rose from 15.29% to 41.66%, increasing its indirect holding in the company via Hua Hong Group and Hua Hong International from 3.75% to 10.22%. The company's controlling shareholder remains Hua Hong International, and the actual controller remains the Shanghai Municipal SASAC; neither has changed.