Zhongsheng High-Tech: Potential Change in Control Rights Leads to Stock Suspension

3 day ago / Read about 0 minute

Author：小编

Zhongsheng High-Tech issued an announcement on July 15, informing that it had received a notification from its major shareholder, Suzhou Wuzhong Financial Holding Group Co., Ltd., and its affiliated party, Tiankai Huida. Tiankai Huida intends to transfer 22.35% of its shareholding in the company for a consideration of 2.5 billion yuan, a move that could result in a shift in the company's control. The intended recipient of these shares is Fuzhou Qianjing Investment Co., Ltd., a company under the control of Weng Shengjin and his spouse He Cong, primarily involved in investment activities. Consequently, trading in Zhongsheng High-Tech's shares has been halted since July 16, with an anticipated suspension period not exceeding two trading days.

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