Realord Technology (01196.HK): Controlling Shareholder Merlin Holdings Sells 11.79% Stake for HK$850 Million

NewTimeSpace News: Realord Technology Co., Ltd. (stock code: 1196) announced that the board has received notice from the company's substantial shareholder, Merlin Holdings Limited, that after trading hours on 28 July 2026, Merlin Holdings sold 170,000,000 shares of the company to Great Ploy Investment Limited, representing approximately 11.79% of the company's total issued share capital, at a consideration of HK$850 million.

According to the announcement, as at the date of this announcement, Merlin Holdings is owned 70% by Dr. Lin Xiaohui, the company's chairman and executive director, and 30% by Ms. Su Jiaohua, an executive director of the company. The buyer is a company incorporated in the British Virgin Islands and is wholly owned by Mr. Chen Qishi. Merlin Holdings stated that Mr. Chen has extensive experience in equity investment and possesses a strong business network. The board understands that the buyer's acquisition of shares is a strategic investment. Merlin Holdings further informed the board that, to its best knowledge, the buyer was an independent third party of the company and its connected persons prior to the disposal.

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