Zhejiang Media College of Fine Arts: Planning to change control rights, stock trading to resume on July 17th.
Zhejiang Meida announced that the company's controlling shareholder and actual controller, Xia Zhisheng and Xia Ding, are planning changes in control. The company's stock has been suspended from trading since July 10. On July 16, Xia Zhisheng and Xia Ding signed a "Share Transfer Agreement" with Shenzhen Xinglantu, planning to transfer 91,739,335 shares and 102,011,554 shares, accounting for 14.20% and 15.79% of the total share capital, at a transfer price of 6.656 yuan per share. After the transfer is completed, Shenzhen Xinglantu will hold 29.99% of the shares. The controlling shareholder will change to Shenzhen Xinglantu, and the actual controller will change to Zhang Haizheng. The company's stock will resume trading on July 17. Approval is still required for this transfer, and there is uncertainty about whether it will be completed.
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