New Progress of Conch Group's Acquisition of Wanwei Group

2026-06-12 09:14:46

On the evening of June 11, Wanwei Hi-tech announced that on June 10, the company received the Decision on Non-prohibition of Anti-monopoly Review of Concentration of Operators issued by the State Administration of Market Supervision and Administration forwarded by Conch Group, and decided not to prohibit the acquisition of Wanwei Group's equity by Conch Group, which can be centralized from now on.

On the evening of

June 11, Wanwei Hi-tech announced that on June 10, the company received the Decision on Non-prohibition of Anti-monopoly Review of Concentration of Operators issued by the State Administration of Market Supervision and Administration forwarded by Conch Group, and decided not to prohibit the acquisition of Wanwei Group's equity by Conch Group, which can be centralized from now on. The screenshot

of the

announcement shows that Conch Group intends to hold 60% of Wanwei Group's equity through a cash capital increase of 4,997,820,500 yuan, indirectly controlling 18.24% of Wanwei Hi-tech's shares; Anhui Investment Group and Anhui State-controlled Group intend to acquire 20% equity of Wanwei Group and 7.50% equity of Wanwei Hi-Tech respectively through gratuitous transfer. Anhui Investment Group, Anhui State-controlled Group and Conch Group constitute concerted actors, thus Conch Group owns 33.24% voting shares of Wanwei Hi-Tech. After the completion of the

acquisition, Conch Group will become the indirect controlling shareholder of Wanwei Hi-tech, and the actual controller is still the SASAC of Anhui Province. The matter is still subject to the confirmation of the compliance review of the Shanghai Stock Exchange and the registration of share transfer, which is uncertain.

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New Progress of Conch Group's Acquisition of Wanwei Group

On the evening of June 11, Wanwei Hi-tech announced that on June 10, the company received the Decision on Non-prohibition of Anti-monopoly Review of Concentration of Operators issued by the State Administration of Market Supervision and Administration forwarded by Conch Group, and decided not to prohibit the acquisition of Wanwei Group's equity by Conch Group, which can be centralized from now on.

2026-06-12 09:14:46

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