---
title: "DFP: The State-owned Assets Supervision and Administration Commission of Quzhou City intends to become the actual controller of the company, and the stock and bonds will resume trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225755904.md"
description: "DFP announced that its controlling shareholder, Hong Kong Dongfeng Investment, will transfer its 29.90% shares to Quzhou Zhishang and Quzhou Zhiwei, with a total transaction price of 1.952 billion yuan. After the transaction is completed, Quzhou Zhishang will become the controlling shareholder, and the Quzhou State-owned Assets Supervision and Administration Commission will become the actual controller. The company's stock and convertible bonds will resume trading on January 22, 2025"
datetime: "2025-01-22T00:34:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225755904.md)
  - [en](https://longbridge.com/en/news/225755904.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225755904.md)
---

# DFP: The State-owned Assets Supervision and Administration Commission of Quzhou City intends to become the actual controller of the company, and the stock and bonds will resume trading

According to the Zhitong Finance APP, Dongfeng Group (601515.SH) announced that its controlling shareholder, Hong Kong Dongfeng Investment Group Co., Ltd. ("Hong Kong Dongfeng Investment"), signed a "Share Transfer Agreement" on January 21, 2025, with Quzhou Zhishang Enterprise Management Partnership (Limited Partnership) and Quzhou Zhiwei Enterprise Management Partnership (Limited Partnership) (collectively referred to as "Share Transferees"). Hong Kong Dongfeng Investment intends to transfer 20.00% of its shares in the company to Quzhou Zhishang for a transfer price of RMB 1.306 billion; it will also transfer 9.90% of its shares to Quzhou Zhiwei for a transfer price of RMB 646 million.

It is reported that Quzhou Zhishang and Quzhou Zhiwei are acting in concert. After the completion of this transaction, Quzhou Zhishang and its concerted party Quzhou Zhiwei will collectively hold 29.90% of the company's shares. After the completion of this transaction, Quzhou Zhishang will directly hold 20.00% of the company's shares and become the controlling shareholder, while the State-owned Assets Supervision and Administration Commission of Quzhou Municipal People's Government ("Quzhou State-owned Assets Supervision and Administration Commission") will become the actual controller of the company. Upon application, the company's stock and convertible bonds will resume trading starting from January 22, 2025 (Wednesday)

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