Aolian Electronics to Change Control to Chen Yang in $96.5 Million Stake Sale
Aolian Electronics (SZ300585) announced a change in control on September 23, 2026. Controlling shareholder Guangxi Ruiying Asset Management will sell a 21.2% stake for about 7 billion yuan ($96.5 million) to JunTu Tianze (Wuxi) Investment Partnership and Quzhou Xin'an Guanghe Industrial M&A Equity Fund. Upon completion, JunTu Tianze becomes the new controlling shareholder, with Chen Yang as actual controller. The transaction is subject to regulatory approval.
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Aolv Electronic Changes Hands Again: Chen Yang Takes Control in $96.5 Million Deal
Aolv Electronic (SZ300585) announced a change in control on September 23, with its controlling shareholder, Guangxi Ruiying Asset Management, selling 21.2% of its shares for approximately 7 billion yuan ($96.5 million). The buyers are JunTu Tianze (Wuxi) Investment Partnership and Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership. The transaction will make JunTu Tianze the new controlling shareholder, with Chen Yang becoming the actual controller, marking the third owner for the automotive electronics company since its 2016 IPO. Ruiying Asset Management, a subsidiary of Yingke Capital controlled by Qian Mingfei, acquired its stake for 6.83 billion yuan over several transactions from 2019 to 2021. The sale of 70% of its holdings recoups its entire cost, leaving it with a 9.14% residual stake. Chen Yang is the founder of Wuxi Langxian Lightweight Technology, a company in the automotive lightweight products sector, aligning with Aolv's automotive electronics business. The deal includes strict lock-up clauses and a commitment not to inject related-party assets for 36 months. Quzhou state-owned entities are participating as financial investors through the Xin'an Guanghe fund. Aolv Electronic is currently facing financial difficulties, with a net loss of 69.7 million yuan in 2025 and a continued loss in the first half of 2026. The transaction is subject to regulatory approval and financing conditions.
Read sourceAolian Electronics Plans Control Change, Stock Resumes Trading Today
Aolian Electronics announced on the evening of September 23 that its stock will resume trading on September 24, 2026, after a suspension since September 21. The suspension was due to a planned change in control. On September 21, the company's controlling shareholder, Guangxi Ruiying Asset Management Co., Ltd., signed a share transfer agreement with Jun Tian Ze (Wuxi) Investment Partnership (Limited Partnership) to transfer 27.72 million shares (16.20% of total shares) at 19.29 yuan per share, totaling approximately 535 million yuan. On the same day, Ruiying Asset also agreed to transfer about 8.56 million shares (5% of total shares) to Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership (Limited Partnership) at the same price, totaling about 165 million yuan. Upon completion, the controlling shareholder will change to Jun Tian Ze, and the actual controller will change from Qian Mingfei to Chen Yang. The transaction is subject to Shenzhen Stock Exchange compliance review and registration procedures, with uncertainty regarding final completion.
Read sourceAolian Electronics' controlling shareholder to sell 5% stake to Quzhou Xin'an Guanghe for 165 million yuan
On September 23 evening, Aolian Electronics (奥联电子) announced via a simplified equity change report that on September 21, 2026, its controlling shareholder, Guangxi Ruiying Asset Management Co., Ltd. (瑞盈资产), signed a share transfer agreement with Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership (衢州信安广合). Ruiying Asset will transfer approximately 8.5556 million unrestricted tradable shares (5% of total share capital) at 19.29 yuan per share, for a total consideration of 165 million yuan. Before the transaction, Quzhou Xin'an Guanghe held no shares; after completion, it will hold 5%. The buyer stated the move is based on long-term bullishness on the listed company's investment value and will not materially affect operations. It has no plans to increase or decrease holdings within 12 months and commits not to transfer the shares for 36 months after registration. The transaction is subject to Shenzhen Stock Exchange compliance confirmation and CSDC Shenzhen branch registration, and is conditional on the successful transfer of another stake (Juntu Tianze). The article is AI-generated and not investment advice.
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Aolian Electronics' controlling shareholder to transfer 21.20% stake, control to change, stock to resume trading
Aolian Electronics (300585) announced on September 24 that its stock will resume trading on September 24, 2026. The company's controlling shareholder, Guangxi Ruiying Asset Management Co., Ltd., plans to transfer a total of 21.20% of the company's shares via two separate agreements. On September 21, 2026, Ruiying signed an agreement to transfer 16.20% (27.72 million shares) to JunTianTianZe (Wuxi) Investment Partnership, and another 5% (8.5556 million shares) to Quzhou Xin'an Guanghe Industry M&A Equity Fund Partnership. All shares are unrestricted tradable shares. Upon completion, the controlling shareholder will change from Ruiying to JunTianTianZe, and the actual controller will change from Qian Mingfei to Chen Yang. The stock had been suspended since September 21 due to the uncertainty of the transaction.
Read sourceAole Electronics to Change Hands; Buyer Pledges 5-Year Share Lock-Up
Aole Electronics (SZ300585) announced a change in control on September 23, after a two-day trading halt. Controlling shareholder Guangxi Ruiying Asset Management will sell a 21.2% stake for about 700 million yuan ($96.5 million). The stake is split: 16.20% goes to JunTuTianZe (Wuxi) Investment Partnership, and 5% to Quzhou Xin'an Guanghe Industrial M&A Equity Fund. The transaction price is 19.29 yuan per share. Upon completion, JunTuTianZe will become the new controlling shareholder, and its executive partner, Chen Yang, will become the actual controller. JunTuTianZe has committed to a 60-month lock-up on the acquired shares and a 36-month no-pledge period. The seller also agreed not to seek control for 36 months. The buyer stated it has no plans to significantly change Aole's main business within 12 months and will not inject related-party assets via major asset restructuring for 36 months. The deal is subject to regulatory approval from the Shenzhen Stock Exchange and share transfer registration. The article notes the transaction's completion remains uncertain.
Read sourceAolian Electronics' controlling shareholder to change to JunTu TianZe; stock to resume trading on Sept 24
Aolian Electronics announced that on September 21, 2026, its controlling shareholder Ruiying Assets signed a share transfer agreement with JunTu TianZe (Wuxi) Investment Partnership (Limited Partnership). Under the agreement, Ruiying Assets will transfer 27.72 million shares (16.2% of total share capital) to JunTu TianZe. On the same day, Ruiying Assets also signed an agreement with Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership, transferring 8.5556 million shares (5% of total share capital). After the transactions, the controlling shareholder will change from Ruiying Assets to JunTu TianZe, and the actual controller will change from Qian Mingfei to Chen Yang. The company's stock will resume trading from September 24, 2026.
Read sourceAolian Electronics to Change Controlling Shareholder to Juntu Tianze; Stock to Resume Trading
Aolian Electronics (300585) announced on September 23 that its controlling shareholder will change from Ruiying Assets to Juntu Tianze, with the actual controller shifting from Qian Mingfei to Chen Yang. The stock will resume trading on September 24. On September 21, Ruiying Assets signed separate share transfer agreements with Juntu Tianze and Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership. Ruiying will transfer 27.72 million shares (16.20% of total equity) to Juntu Tianze at 19.29 yuan per share for 535 million yuan, and 8.5556 million shares (5%) to Quzhou Xin'an Guanghe at the same price for 165 million yuan. The latter transaction is conditional on Juntu Tianze's successful acquisition. Post-transaction, Ruiying's stake drops from 30.34% to 9.14%, Juntu Tianze holds 16.20%, and Quzhou Xin'an Guanghe holds 5%. The acquirers cited value recognition of Aolian Electronics. Juntu Tianze plans to stabilize existing businesses while leveraging new controller resources for strategic transformation. Juntu Tianze committed to a 60-month no-transfer and 36-month no-pledge period; Quzhou Xin'an Guanghe has a 36-month lock-up. Ruiying Assets agreed not to seek control again and not to transfer remaining shares for 36 months. No major business adjustments or asset restructuring are planned within 12 months. Aolian Electronics, which develops automotive electronic control and new energy system components, reported H1 2026 revenue of 173 million yuan (down ~20% YoY) and a net loss of approximately 14.94 million yuan.
Read sourceAolian Electronics' controlling shareholder to change to JunTuTianZe, stock to resume trading on September 24
On September 23, Aolian Electronics announced that its controlling shareholder, Guangxi Ruiying Asset Management, has signed share transfer agreements with JunTuTianZe (Wuxi) Investment Partnership and Quzhou Xin'an Guanghe Industry M&A Equity Fund Partnership. Ruiying Asset will transfer 27.72 million shares (16.2% of total equity) to JunTuTianZe and 8.5556 million shares (5%) to Quzhou Xin'an Guanghe. Upon completion, the controlling shareholder will change to JunTuTianZe, and the actual controller will change from Qian Mingfei to Chen Yang. The company's stock will resume trading on September 24, 2026. The transactions are subject to approval by the Shenzhen Stock Exchange and registration with the China Securities Depository and Clearing Corporation, introducing uncertainty.
Read sourceAulde Electronic to Resume Trading After Controlling Shareholder Change
Aulde Electronic (stock code 300585) announced on September 23 that its controlling shareholder will change from Ruiying Assets to JunTian Zeze, with the actual controller shifting from Qian Mingfei to Chen Yang. The company's stock will resume trading on September 24. According to the announcement, on September 21, Ruiying Assets signed share transfer agreements with JunTian Zeze and Quzhou Xin'an Guanghe Industrial Merger Equity Investment Fund Partnership. Ruiying will transfer 27.72 million shares (16.20% of total equity) to JunTian Zeze at 19.29 yuan per share, totaling 535 million yuan, and 8.5556 million shares (5%) to Quzhou Xin'an Guanghe at the same price, totaling 165 million yuan. After the transaction, Ruiying's stake will drop from 30.34% to 9.14%, JunTian Zeze will hold 16.20%, and Quzhou Xin'an Guanghe will hold 5%. The buyers cited value recognition of Aulde Electronic. JunTian Zeze plans to leverage the new controller's technology and market resources to drive strategic transformation and industrial chain integration. JunTian Zeze committed not to transfer shares for 60 months and not to pledge for 36 months; Quzhou Xin'an Guanghe locked shares for 36 months; Ruiying Assets committed not to seek control again and not to transfer remaining shares for 36 months. JunTian Zeze currently has no plans for major business adjustments or asset restructuring within 12 months. Aulde Electronic, which makes automotive electronic controls and new energy system controls, reported first-half 2026 revenue of 173 million yuan (down 20% year-on-year) and a net loss of about 14.94 million yuan.
Read sourceAolian Electronics' controlling shareholder to change to Juntu Tianze, stock to resume trading on Sept 24
Aolian Electronics (300585) announced on September 23 that its controlling shareholder, Ruiying Assets, plans to transfer 27.72 million shares (16.20% of total shares) to Juntu Tianze via a negotiated agreement. Additionally, Ruiying Assets will transfer 8.5556 million shares (5% of total shares) to Quzhou Xin'an Guanghe. After the transaction is completed, the company's controlling shareholder will change from Ruiying Assets to Juntu Tianze, and the actual controller will change from Qian Mingfei to Chen Yang. The company's stock will resume trading from the opening on September 24.
Read sourceAolian Electronics' Controlling Shareholder to Change to JunTu TianZe; Stock Resumes
On September 23, 2026, Aolian Electronics (300585.SZ) announced that on September 21, 2026, its controlling shareholder Ruiying Asset signed a share transfer agreement with JunTu Tianze (Wuxi) Investment Partnership (Limited Partnership). Under the agreement, Ruiying Asset will transfer 27,720,000 shares (16.20% of total equity) to JunTu Tianze. Separately, Ruiying Asset also agreed to transfer 8,555,556 shares (5% of total equity) to Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership. After completion, the controlling shareholder will change from Ruiying Asset to JunTu Tianze, and the actual controller will change from Mr. Qian Mingfei to Mr. Chen Yang. The company's stock resumed trading on September 24, 2026.
Read sourceAolian Electronics to Change Controlling Shareholder, Stock to Resume Trading
Aolian Electronics (stock code 300585) announced on September 23 that its controlling shareholder will change from Ruiying Assets to JunTian Tianze, with the actual controller shifting from Qian Mingfei to Chen Yang. The company's stock will resume trading on September 24. According to the announcement, on September 21, Ruiying Assets signed share transfer agreements with JunTian Tianze and Quzhou Xin'an Guanghe Industrial Merger Equity Investment Fund Partnership. Ruiying will transfer 27.72 million shares (16.20% of total equity) to JunTian Tianze at 19.29 yuan per share, totaling 535 million yuan, and 8.5556 million shares (5%) to Quzhou Xin'an Guanghe at the same price, totaling 165 million yuan. After the transaction, Ruiying's stake will drop from 30.34% to 9.14%, JunTian Tianze will hold 16.20%, and Quzhou Xin'an Guanghe will hold 5%. The buyers cited value recognition of Aolian Electronics. JunTian Tianze plans to leverage the new controller's technology and market resources to drive strategic transformation and industrial chain integration. The company mainly produces automotive electronic control and new energy system control components. In the first half of 2026, it reported revenue of 173 million yuan, down about 20% year-on-year, and a net loss of about 14.94 million yuan.
Read sourceAolian Electronics' Controlling Shareholder Changes to Juntian Tuanze
According to a report from Southern Finance Network on September 23, Aolian Electronics Asset Management Co., Ltd. has changed its controlling shareholder to Juntian Tuanze (Wuxi) Investment Partnership (Limited Partnership), and the actual controller has changed to Mr. Chen Yang. The announcement states that the transferred shares are not subject to any pledge, freeze, or other rights restrictions. The information disclosing party has no clear plan to increase or decrease its shareholding within the next 12 months. This change marks a significant shift in the ownership structure of Aolian Electronics, a company listed on the Shenzhen Stock Exchange. The report was sourced from East Money's A-share company section.
Read sourceAole Electronics to Resume Trading After Planned Change in Control to Jun Tian Ze
On September 23, Aole Electronics (stock code 300585) announced a planned change in control, with its stock set to resume trading on September 24. According to the announcement, on September 21, current controlling shareholder Ruiying Asset signed share transfer agreements with Jun Tian Ze and Quzhou Xin'an Guanghe Industrial Merger Equity Investment Fund Partnership (Quzhou Xin'an Guanghe). Ruiying Asset will transfer 27.72 million shares (16.20% of total equity) to Jun Tian Ze at 19.29 yuan per share, totaling 535 million yuan, and 8.5556 million shares (5% of total equity) to Quzhou Xin'an Guanghe at the same price, totaling 165 million yuan. The latter transfer is conditional on Jun Tian Ze's successful acquisition. After completion, Ruiying Asset's stake will drop from 30.34% to 9.14%, Jun Tian Ze will hold 16.20%, and Quzhou Xin'an Guanghe will hold 5%. The new controlling shareholder will be Jun Tian Ze, and the actual controller will change from Qian Mingfei to Chen Yang. Both acquirers cited value recognition of Aole Electronics as the reason. Jun Tian Ze committed not to transfer its shares for 60 months and not to pledge them for 36 months; Quzhou Xin'an Guanghe committed to a 36-month lock-up. Ruiying Asset agreed not to seek control again and not to transfer its remaining shares for 36 months. Jun Tian Ze stated it has no plans for major business adjustments or asset restructuring in the next 12 months. The transaction does not trigger a mandatory offer or constitute a related-party transaction.
Read sourceAolian Electronics Suspends Trading Again as Controlling Stake Sale Looms
Aolian Electronics (300585) announced on September 18 that its controlling shareholder, Guangxi Ruiying Asset Management, is planning a partial stake transfer that could lead to a change in the company's controlling shareholder and actual controller. The company's stock has been suspended from trading starting September 21, 2026, for up to two trading days. The deal is still under negotiation and subject to significant uncertainty. Aolian Electronics specializes in automotive electronic control systems. In the first half of 2026, the company reported a 20.11% year-on-year decline in revenue to 173 million yuan and a net loss of 14.94 million yuan, compared to a profit of 1.79 million yuan in the same period last year. The company's semi-annual report revealed that several foreign institutions, including J.P. Morgan Securities PLC (holding 4.542 million shares as the third-largest shareholder), UBS AG, and Morgan Stanley, had newly entered or increased their stakes in the second quarter. This is not Aolian's first attempt at a change of control; a previous attempt in December 2025 failed in February 2026 after the buyer failed to fulfill payment obligations under the share transfer agreement.
Aolian Electronics Suspends Trading Amid Potential Change of Control
Aolian Electronics (stock code 300585) announced on September 18 that its controlling shareholder, Guangxi Ruiying Asset Management Co., Ltd., is planning a negotiated transfer of a portion of its equity, which may result in a change of the company's controlling shareholder and actual controller. The company's shares have been suspended from trading on the Shenzhen Stock Exchange starting September 21, 2026, for up to two trading days. The plan is still in the planning stage and involves significant uncertainty. This is not the first such attempt; a previous change-of-control plan announced on December 22, 2025, failed in February 2026 after the transferee failed to pay the consideration. Aolian Electronics specializes in automotive powertrain electronic control, body electronic control, and new energy system control. In the first half of the year, the company reported operating revenue of 173 million yuan, down 20.11% year-on-year, and a net loss of 14.9395 million yuan. Several foreign institutions, including J.P. Morgan Securities PLC, UBS AG, and Morgan Stanley, have recently entered or increased holdings in the company.
Read sourceAolian Electronics Stock Suspended for Potential Ownership Change; Foreign Investors Already Positioned
Aolian Electronics (stock code 300585) announced on September 18 that its controlling shareholder, Guangxi Ruiying Asset Management, is planning a partial equity transfer that could lead to a change in the company's controlling shareholder and actual controller. The company has applied for a stock suspension starting September 21, 2026, for up to two trading days. This is the second attempt at an ownership change, following a failed attempt in early 2026 when the buyer failed to complete payment obligations. The company, which specializes in automotive electronic control systems, reported a net loss of 14.94 million yuan in the first half of 2026, compared to a profit of 1.79 million yuan in the same period last year, with revenue falling 20.11% to 173 million yuan. Despite the poor financial performance, multiple foreign institutions including J.P. Morgan Securities PLC, UBS AG, and Morgan Stanley had taken positions in the company during the second quarter, with J.P. Morgan holding 4.542 million shares as the third-largest shareholder.
Read sourceAolian Electronics seeks second controlling stake change after previous deal collapsed
Aolian Electronics (300585.SZ) is attempting a second change of control in nine months, as its controlling shareholder Guangxi Ruiying Asset Management plans to transfer part of its equity, potentially altering the controlling shareholder and actual controller. Trading in Aolian shares will be suspended from September 21. The previous attempt, announced in December 2025, failed in February 2026 when the intended transferee, Tianjin Chaocheng Innovation Technology, failed to pay a 126 million yuan first installment. Ruiying Assets, controlled by Yingke Capital founder Qian Mingfei, spent a total of 683 million yuan to acquire its 30.34% stake since 2019. The company's performance has declined, with first-half 2026 net profit turning from profit to loss at negative 14.94 million yuan, attributed to weak domestic passenger car demand and a shift in automakers' gear-shifting technology away from the company's main products. The article notes that new products have not yet achieved scaled sales.
Read sourceAolian Electronics to Suspend Trading Again After Previous Control Transfer Failed
Aolian Electronics, a Chinese auto parts maker listed on the Shenzhen Stock Exchange, announced on September 18 that its controlling shareholder, Ruiying Asset, is planning a negotiated transfer of part of its shareholding, which may lead to a change in control. The company's shares will be suspended from trading starting September 21 for up to two trading days. This is the second attempt in nine months; a previous deal with Tianjin Chaocheng Innovation Technology collapsed in February 2026 after the transferee failed to pay a RMB 126 million first installment on time. Ruiying Asset, controlled by Yingke Capital founder Qian Mingfei, spent a total of RMB 683 million to acquire its 30.34% stake since 2019. The company's performance has declined, with net profit attributable to shareholders turning from profit to loss in the first half of 2026, recording negative RMB 14.94 million, compared to a positive RMB 1.79 million in the same period last year.
Aolian Electronics Plans Control Change, Trading Suspended from September 21
Aolian Electronics (300585) announced on September 18 that its controlling shareholder, Guangxi Ruiying Asset Management Co., Ltd., is planning a negotiated transfer of part of its equity holdings, which may result in changes to the company's controlling shareholder and actual controller. The relevant parties are discussing specific transaction plans and agreements. Upon application to the Shenzhen Stock Exchange, trading of the company's shares will be suspended from market open on Monday, September 21, 2026, for no more than two trading days. Ruiying Assets currently holds 30.34% of Aolian Electronics, and the actual controller is Qian Mingfei, founder and chairman of Yingke Capital. The company, which produces automotive electronic controls, reported a 20% year-on-year decline in operating revenue to 173 million yuan and a net loss of approximately 14.94 million yuan in the first half of 2026.
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