Premium Store: The Wuhan Municipal People's Government State-owned Assets Supervision and Administration Commission will become the actual controlling shareholder of the company and the stock will resume trading.
Notice from Liangpinpu, the controlling shareholder Ningbo Hanyi and its concerted action party Liangpin Investment have signed a share transfer agreement with Wuhan Changjiang International Trade Group Co., Ltd. Ningbo Hanyi plans to transfer 72.2399 million shares of the listed company to Changjiang Trade, accounting for 18.01% of the total shares of the listed company; Liangpin Investment plans to transfer 11.9701 million shares of the listed company to Changjiang Trade, accounting for 2.99% of the total shares of the listed company. This equity change does not involve a tender offer. If the transaction is successfully completed, Changjiang Trade will become the controlling shareholder of the company, and the State-owned Assets Supervision and Administration Commission of Wuhan Municipal People's Government will become the actual controller. The company's stock will resume trading tomorrow.
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