Summary by Moomoo AI
China Central Automobile Co., Ltd. (CRRC) issued a notice on 30 April 2024 announcing that its holding shareholder Central Automobile Group has completed the established accretion plan. The plan, announced on 30 October 2023, plans to raise Company A shares of not less than RMB1.5 billion and not more than RMB3.0 billion through the Shanghai Stock Exchange over the following 6 months. As of April 29, 2024, the Central Car Group has raised 29,188,800 shares of A-shares through a centralized tender transaction, representing approximately 0.1% of the company's issued shares, with a total holding amount of approximately RMB 15.548 billion. After this increase, the share ratio of the Central Car Group's holding increased from 51.35% to 51.45%. The Beijing Jiayuan Law Firm conducted a special audit of the increase to confirm compliance with the relevant legal and regulatory requirements, and the Central Car Group undertook not to reduce its shareholding within the statutory period.