---
title: "LSGC: Termination of the private placement matter and withdrawal of application documents"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/248144994.md"
description: "LSGC announced that the company held a board of directors and supervisory board meeting on July 11, 2025, where it approved the proposal to terminate the issuance of shares to specific objects and withdraw the application documents. The company originally planned to issue A-shares to its controlling shareholder, Zhejiang Yuanming Holdings Co., Ltd., but decided to terminate the issuance due to the impending expiration of the validity period of the shareholders' meeting resolution and the failure of the extension proposal to be approved by the shareholders' meeting. The termination of this matter will not have a significant adverse impact on the company's normal business operations"
datetime: "2025-07-11T10:19:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/248144994.md)
  - [en](https://longbridge.com/en/news/248144994.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/248144994.md)
---

# LSGC: Termination of the private placement matter and withdrawal of application documents

LSGC announced that the company held a board of directors and supervisory board meeting on July 11, 2025, where it approved the proposal to terminate the issuance of shares to specific objects and withdraw the application documents. The company originally planned to issue A-shares to its controlling shareholder, Zhejiang Yuanming Holdings Co., Ltd., but decided to terminate the issuance due to the impending expiration of the shareholders' meeting resolution and the failure of the extension proposal to be approved by the shareholders' meeting. The termination of this matter will not have a significant adverse impact on the company's normal business operations

### Related Stocks

- [600738.CN](https://longbridge.com/en/quote/600738.CN.md)

## Related News & Research

- [UK PM STARMER: ON SANCTIONS ON RUSSIAN OIL, TARGETED SHORT TERM SANCTIONS ARE TO PHASE THE NEW SANCTIONS IN AND PROTECT CONSUMERS](https://longbridge.com/en/news/287055849.md)
- [Bobbie for Change and The Breasties Lobby for Introduction of 'Connie's Bill' on Capitol Hill After Five-Year Partnership](https://longbridge.com/en/news/287073908.md)
- [SPARC AI partners with Rate Manufacturing to integrate Overwatch into Model-F drones](https://longbridge.com/en/news/287068337.md)
- [Tim Lamb Group Completes Sale of Seven Firelands Automotive Group Dealerships in Northern Ohio](https://longbridge.com/en/news/286806685.md)
- [Japanese automakers invest $70B, support 2.3M US jobs](https://longbridge.com/en/news/287002497.md)