ST Bauing Decoration plans to change control rights, with a suspension period expected to not exceed 2 trading days
ST Bauing Decoration announced that its controlling shareholder Zhuhai Da Hengqin Group is planning a change of control, which may lead to a change in the controlling shareholder and actual controller. The company's stock will be suspended from trading starting from October 20, 2025, and the suspension is expected to last no more than 2 trading days
According to the Zhitong Finance APP, *ST Bauing (002047.SZ) announced that the company has received a notice from its controlling shareholder Zhuhai Da Hengqin Group Co., Ltd. ("Da Hengqin Group") that Da Hengqin Group is planning to change the company's control rights, which may lead to a change in the company's controlling shareholder and actual controller.
The company has applied to the Shenzhen Stock Exchange for a suspension of its stock, which will take effect from the opening of the market on October 20, 2025 (Monday), with the suspension expected to last no more than 2 trading days
