---
title: "LPXD plans to change company control and will be suspended from trading starting May 28"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242009450.md"
description: "LPXD announced that its controlling shareholder, Zinc Electric Company, plans to transfer its 72,427,600 shares (accounting for 22.3960% of the total share capital) to Qujing Development Investment Group Co., Ltd., involving a change in the company's control. This change requires approval from the state-owned assets regulatory authority. The company's stock will be suspended from trading starting May 28, 2025, and the suspension is expected to last no more than 2 trading days"
datetime: "2025-05-27T11:53:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242009450.md)
  - [en](https://longbridge.com/en/news/242009450.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242009450.md)
---

# LPXD plans to change company control and will be suspended from trading starting May 28

According to the announcement from Zhitong Finance APP, LPXD (002114.SZ) announced that on May 27, 2025, it received a notice from its controlling shareholder, Luoping Zinc Electric Company (hereinafter referred to as "Zinc Electric Company"), which is planning to change the company's control rights. It intends to transfer its 72,427,600 shares of unrestricted circulating shares, accounting for 22.3960% of the company's total share capital, to the transferee, Qujing Development Investment Group Co., Ltd. (hereinafter referred to as "Qujing Development Investment"). The relevant matters of this equity change will be conducted after obtaining the approval or permission from the competent state-owned asset supervision and administration department in accordance with the "Measures for the Supervision and Administration of State-owned Equity in Listed Companies" (Order No. 36 of the State-owned Assets Supervision and Administration Commission, Ministry of Finance, and China Securities Regulatory Commission).

After the company applied to the Shenzhen Stock Exchange, its stock will be suspended from trading starting from May 28, 2025 (Wednesday), and the suspension is expected to last no more than 2 trading days

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