Guolian Minsheng Securities' (SHA:601456, HKG:1456) controlling shareholder, Wuxi Guolian Development (Group), proposed to raise its shareholding in the company by between 80 million yuan and 100 million yuan, according to a Shanghai bourse filing on Wednesday.

Wuxi Guolian plans to implement the plan by March 31, 2027, through centralized bidding.

Currently, Wuxi Guolian directly owns 24% of the company.