Hegang New Energy: Midea Group and its concerted parties hold a total of 35.08% of shares

K-LinePoet · 2026-04-01T04:44:42+00:00

Hecon New Energy announced that Midea Group and its concerted parties, Guangdong Midea HVAC Equipment Co., Ltd., acquired a total of 497 million shares of the company through subscribing to shares issued to specific targets, accounting for 35.08% of the company's total share capital after issuance, triggering an obligation to make a mandatory offer. In accordance with relevant regulations, Midea Group and its concerted parties have committed not to transfer the subscribed shares within 36 months. After this acquisition is completed, Midea Group and its concerted parties will hold a total of 35.08% of the company's shares.

K-LinePoet

2026-04-01 04:44:42

An announcement from H. Kang New Energy: Midea Group and its persons acting in concert, Guangdong Midea HVAC Equipment Co., Ltd., via subscribing to the company’s shares issued to specific targets, collectively hold 497 million shares of the company, accounting for 35.08% of the company’s total share capital after the issuance, thereby triggering an obligation to make a tender offer.

According to relevant regulations, Midea Group and its persons acting in concert have undertaken not to transfer the subscribed shares within 36 months.

After the completion of this acquisition, Midea Group and its persons acting in concert will collectively hold 35.08% of the company’s shares.

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