Central China MT (09982) Controlling Shareholder Sells 10% Stake, Realizing Approximately HK$39.82 Million

Stock News
Jan 23

Central China MT (09982) announced that on January 23, 2026, the company's controlling shareholder, Joy Bright Investments Limited (wholly owned by Mr. Hu Baosen, the company's Chairman and Non-Executive Director), acting as the seller, entered into a sale and purchase agreement with King Link International Investment Limited (the buyer, wholly owned by Mr. Huang Yongheng). The seller agreed to dispose of a total of approximately 386.6 million shares in the company, representing about 10.00% of the issued share capital, for a consideration of approximately HK$39.8159 million. The disposal is expected to be completed shortly after the date of the agreement.

Following the completion of the transaction, Joy Bright will retain a beneficial interest in approximately 1.358 billion shares, equivalent to about 35.13% of the company's issued share capital. Consequently, Joy Bright will remain the controlling shareholder and the single largest shareholder of the company.

The buyer will hold approximately 10.00% of the company's issued share capital, thereby becoming a major shareholder.

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