Jiangsu Olive Sensors High-Tech Co Ltd: Strategic Shift in Shareholding and Control
In a significant development for Jiangsu Olive Sensors High-Tech Co Ltd, a company specializing in automobile components such as sensors and accessories, a major shift in its shareholding structure has been announced. Listed on the Shenzhen Stock Exchange, Jiangsu Olive Sensors has been a key player in the Consumer Discretionary sector, particularly within the Automobile Components industry.
Strategic Acquisition by CALB Group
On May 6, 2025, CALB Group Co., Ltd. (stock code: 3931.HK) announced its intention to acquire 11% of the shares of Jiangsu Olive Sensors through a Share Transfer Agreement. This move is set to position CALB as the controlling shareholder and actual controller of Jiangsu Olive Sensors. The acquisition is part of CALB’s strategic focus on the new energy industry, aiming to integrate Jiangsu Olive Sensors more deeply into the new energy industry chain. Following the acquisition, the board of directors of Jiangsu Olive Sensors will be re-elected, with all five directors nominated by CALB.
Furthermore, Jiangsu Olive Sensors plans to privately place an additional 15% of its shares to CALB. This transaction will increase CALB’s shareholding and voting rights to 22.61%. The strategic entry of CALB is expected to anchor Jiangsu Olive Sensors in a broader market, fostering sustained performance growth and enhancing both performance and valuation in the wave of new energy development.
Board Meeting and Shareholder Changes
Earlier, on May 6, 2025, Jiangsu Olive Sensors held its fifth board meeting, where it was decided not to convene a shareholders’ meeting to discuss the issuance of A shares to specific entities. This decision aligns with the company’s strategic direction under the new controlling shareholder.
In a related development, the company’s original actual controller, Li Hongqing, signed a Share Transfer Agreement with Zhongchuang Xinhang, transferring a portion of his shares. Additionally, a Voting Rights Waiver Agreement was signed, relinquishing some of his voting rights. Upon completion of these agreements, Zhongchuang Xinhang is set to become the new controlling shareholder and actual controller of Jiangsu Olive Sensors.
Financial Overview
As of April 29, 2025, Jiangsu Olive Sensors’ share price closed at 7.28 CNY. The company’s market capitalization stands at approximately 5.35 billion CNY, with a Price-Earnings ratio of 40.0207. Over the past year, the stock has seen a high of 9.86 CNY and a low of 4.68 CNY.
This strategic shift in shareholding and control marks a pivotal moment for Jiangsu Olive Sensors, aligning it with the burgeoning new energy sector and setting the stage for future growth and development.