According to the League of Nations Minsheng announcement, on July 29, 2026, the company won 2,424,300 shares of Minsheng Securities held by Oceanwide Holdings through a judicial auction, with a transaction price of 5.0911 million yuan, and has received a “Transaction Confirmation”. The transaction still needs to go through procedures such as share delivery. After completion, the company's shareholding in Minsheng Securities will increase from 99.98% to 100%, and Minsheng Securities will become its wholly-owned subsidiary.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.