Dongfeng Shares: Controlling Shareholder Plans to Transfer 4.68% Stake via Agreement

36Kr reports that Dongfeng Shares announced its controlling shareholder, Dongfeng Group, has signed a share transfer agreement with Zhongbing Investment to transfer 93.55 million shares at 3.90 yuan per share, representing 4.68% of total capital, for a total consideration of 365 million yuan. The transfer does not involve a change in control and is subject to approval from the State-owned Assets Supervision and Administration Commission (SASAC) and compliance confirmation by the Shanghai Stock Exchange.