ST Jinbi (002762) announced its controlling shareholders, Lin Haoliang and Lin Ruowen, signed a share transfer agreement with Shanghai Yuanyichengwu Technology to potentially transfer control. The company’s shares will resume trading on June 12, 2025, pending due diligence and regulatory review by the Shenzhen Stock Exchange.
The deal carries significant uncertainty, as it requires approval under China’s 10% ownership investigation rule for listed companies. Market observers note the transaction could signal a strategic pivot for ST Jinbi, though details on Yuanyichengwu’s business plans remain undisclosed.
Investors should monitor compliance updates and resumption trading volatility, given ST Jinbi’s special treatment status and the deal’s conditional nature.
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