---
title: "GOLDLION HOLD Chairman Cheng Zhiming's privatization attempt failed, and the stock price fell nearly 40% after resuming trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239739968.md"
description: "The privatization plan of Golden Leaf has not been approved by shareholders. After resuming trading today, the stock price opened down 39.6%, reported at 0.9 yuan, and is currently reported at 0.96 yuan, with a decline of 35.57%. At the court meeting, only 55.3% of voting shareholders supported the privatization, failing to reach the 75% threshold, and 44.7% of shareholders opposed it, exceeding the 10% opposition limit, thus the proposal was not passed"
datetime: "2025-05-12T01:38:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239739968.md)
  - [en](https://longbridge.com/en/news/239739968.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239739968.md)
generator: "portal-rs"
---

# GOLDLION HOLD Chairman Cheng Zhiming's privatization attempt failed, and the stock price fell nearly 40% after resuming trading

GOLDLION HOLD (00533.HK) privatization plan was not approved by shareholders, and the shares resumed trading today (12th), opening down 39.6% at HKD 0.9. Currently trading at HKD 0.96, down 35.57%, with a turnover of 7.023 million shares, involving HKD 6.5119 million.

GOLDLION HOLD stated that the chairman, Zeng Zhiming, suggested the company's privatization plan was not approved at the court meeting, where only 55.3% of voting shareholders supported the privatization resolution, falling short of the required 75% threshold, while 44.7% of voting shareholders opposed the proposal, exceeding the maximum opposition limit of 10%, thus the proposal was not passed

### Related Stocks

- [00533.HK](https://longbridge.com/en/quote/00533.HK.md)

## Related News & Research

- [ANALYSIS-Investors heartened by Warsh inflation talk, still uncertain about Fed action](https://longbridge.com/en/news/297468486.md)
- [ANALYSIS-Investors heartened by Warsh inflation talk, still uncertain about Fed action](https://longbridge.com/en/news/297361696.md)
- [Diwang Industrial Releases Unaudited Interim Results for First Half of 2026](https://longbridge.com/en/news/297538064.md)
- [CHINA SHENHUA  1H26 Net Profit Up 1.9% YoY to RMB31.054 Billion; Interim DPS RMB0.98](https://longbridge.com/en/news/297430239.md)
- [Hongcheng Environmental 1H FY26 profit attributable to owners more than doubles to RMB 70.94 million; revenue rises 40.3% to RMB 187.52 million](https://longbridge.com/en/news/297519768.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**