Sinoma Energy announced that Sinoma Group, the controlling shareholder of the company, plans to transfer its 309,275,786 shares of the company to China Building Materials Group free of charge. After the transfer is completed, the controlling shareholder of the company will be changed to China Building Materials Group. The actual controller is still the State Council's State-owned Assets Supervision and Administration Commission, and there will be no change in control. This change in equity is a free transfer of state-owned shares and does not involve an offer. As of the date of disclosure of the announcement, the transfer parties have not signed a relevant agreement, and legal procedures such as confirmation of compliance with the Shanghai Stock Exchange and share transfer registration still need to be completed.

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.