Zhongsheng Technology: Planning for the change of company control, stock trading suspended.
Zhongsheng Gaoke announced that on July 15th, the company received a notice from its controlling shareholder, Suzhou Wu Zhong Financial Holdings Group Co., Ltd., and its concerted action person Tiankai Huida, that Tiankai Huida is planning to sell its 22.35% stake in the company at a price of 2.5 billion, which may lead to a change in the company's controlling rights. In order to ensure fair disclosure of information and avoid abnormal fluctuations in the company's stock price, trading of the company's stock will be suspended from July 16th, and it is expected to be suspended for no more than 2 trading days.
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