SCE CM's Controlling Shareholder Status Unchanged Following Share Disposal

Stock News
May 15

China SCE Group (01966) and SCE CM (00606) have issued a joint announcement. On May 14, 2026, the companies noted several filings made under Part XV of the Securities and Futures Ordinance concerning changes in interests held in SCE CM shares. According to these filings, all charged shares, representing approximately 26.0% of SCE CM's issued share capital as of the announcement date, have been sold to certain parties. Following the completion of this sale and as of the announcement date, Yuejing no longer holds any interest in the charged shares. Consequently, its shareholding in SCE CM has been reduced to 744 million shares, representing approximately 38.5% of the company's issued share capital as of the announcement date. Yuejing remains the controlling shareholder of SCE CM. China SCE Group is continuously assessing the legal, financial, and operational implications of actions that the relevant banks and/or security agents have taken or may take regarding default events under the security agreements.

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