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hisense networks wins majority of board seats, and the battle for control of colin electric ends

2024-09-05

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[according to the announcement, hisense network energy has already held a total of 95.208 million shares of kelin, accounting for 34.94% of the shares, and holds the voting rights of 26.08 million shares, accounting for 9.57% of the shares, and the total voting rights ratio is 44.51%.]

the battle for control of colin electric finally came to an end after half a year.

on the evening of september 3, colin electric announced that the company's controlling shareholder was changed to qingdao hisense network energy co., ltd. (hereinafter referred to as "hisense network energy"). given that hisense network energy has no actual controller, the company has changed to have no actual controller.

in the past six months, shijiazhuang state-owned capital investment and operation group co., ltd. (hereinafter referred to as "shijiazhuang state-owned capital investment") and hisense network energy have been competing fiercely for the control of kelin electric. in the end, hisense network energy acquired 34.94% of kelin electric's shares and nearly half of the voting rights through potential share purchases, tender offers, and joint senior management.

behind the struggle for control and change of ownership of colin electric, there are problems such as dispersed equity and disagreements within the board of directors. in april 2022, the seven shareholders of the company terminated their joint action relationship, and the actual controller zhang chengsuo held only about 11% of the shares. at the same time, there were disagreements among the board members. in this year's battle for control, zhang chengsuo and others reached a joint action agreement with shijiazhuang guotou; the former vice chairman li yanru and others entrusted their voting rights to hisense network.

the battle for control ends