Eindec Corp. Ltd. (SG:42Z) has released an update.
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Eindec Corp. Ltd. is undergoing a major shift in its shareholding structure as Weiye Holdings Limited disposes of its entire stake, totaling 71.9 million shares or 66.76% of the company’s capital. The shares are being sold to Zhang Wei, the Executive Chairman, Zhuang Xin, the Vice President, and Henan Weiye Huishenghuo Service Co Ltd, with each becoming significant shareholders post-transaction. This strategic move will see Zhang Wei maintaining a controlling stake, joined by new controlling shareholders Zhuang Xin and HSH, pending completion of the agreements.
For further insights into SG:42Z stock, check out TipRanks’ Stock Analysis page.