On the evening of October 17th, Mengsheng Electronics announced that on October 16th, the controlling shareholder and actual controller of the company, Xiang Rong, and his concerted action person, signed a "Share Transfer Agreement" with Sichuan Development Leading Capital Management Co., Ltd. (hereinafter referred to as "Chuanfa Leading Capital"). The former intends to transfer a total of 10.5 million shares (6.25% of the company's total share capital) held by the company to the latter. The equity transfer price is 30.90 yuan per share, with a total transfer price of 324 million yuan.
After the completion of the above-mentioned equity transfer, Xiang Rong and its concerted action persons will hold a total of 50.1808 million shares of Mengsheng Electronics, with a shareholding ratio of 29.88%. Chuanfa Leading Capital holds 10.5 million shares, with a shareholding ratio of 6.25%. After the transfer of its promised target shares, it will be locked in for 18 months.
Meanwhile, Mengsheng Electronics has also reached a strategic cooperation agreement with Chuanfa Leading Capital. The cooperation between the two parties mainly includes four aspects: industrial resource cooperation, capital operation cooperation, technological innovation cooperation, and talent exchange cooperation. Among them, in terms of industrial resource cooperation, the two sides will give full play to their respective market resource capabilities in communication and navigation, low altitude economy, satellite Internet, high-end manufacturing and other fields, jointly carry out product layout and jointly explore new markets. In terms of capital operation cooperation, relying on the chain leader advantage of Mengsheng Electronics in the field of satellite application technology, both parties will explore multidimensional capital operation cooperation in important areas such as satellite communication, measurement and control remote control, navigation and positioning, and low altitude economy, including but not limited to major industrial project investment, industrial chain merger and acquisition investment, innovative business investment, equity investment, etc.
Tianyancha shows that Chuanfa Leading Capital was established in November 2018 with a registered capital of 4 billion yuan. The company is a wholly-owned subsidiary of Sichuan Development (Holdings) Co., Ltd., with the actual controller being the State owned Assets Supervision and Administration Commission of Sichuan Province.
In the first half of 2025, Mengsheng Electronics' revenue reached 120 million yuan, a year-on-year increase of 49.74%; The net loss attributable to shareholders of the listed company was 37.1329 million yuan, a decrease from 43.0393 million yuan in the same period last year.
