HK SH ALLIANCE (01001.HK): Chairman lifts stake to 45.71%
- The off-market purchase was completed on 23 October 2026 at HKD 0.40 per share for about HKD 2,546,000.
- Following the purchase, Yao holds 290,946,889 shares, or about 45.71% of issued shares as at the announcement date.
NewTimeSpace News: On 23 October 2026, Hong Kong Shanghai Alliance Holdings Limited (stock code: 01001) said the Board was informed by Yao Zuhui, chairman, executive director, chief executive officer and controlling shareholder, that he bought 6,365,083 ordinary shares through off-market transactions on 23 October 2026 for a total consideration of about HKD 2,546,000, equal to HKD 0.40 per share.
Following the purchase, Yao holds interests in 290,946,889 shares, or about 45.71% of total issued shares as at the announcement date. The Board said the increase demonstrates his confidence in the Company's prospects and growth potential. The Company said it maintains a sufficient public float and that the purchase did not trigger a mandatory general offer obligation of the controlling shareholder under the Takeovers Code.
