LPXD: Qujing Investment may become the controlling shareholder of the company, resuming trading on June 4th
LPXD announced that Qujing Development Investment Group Co., Ltd. will become the controlling shareholder of the company, acquiring 72.4276 million shares held by the zinc company, accounting for 22.396% of the total shares. The zinc company will still hold 16.17 million shares (5.0001%). The company's stock will resume trading on June 4, 2025
According to the Zhitong Finance APP, LPXD (002114.SZ) announced that on May 30, 2025, the company's controlling shareholder, Zinc Electric Company, signed a "Share Transfer Agreement" with Qujing Development Investment Group Co., Ltd. (hereinafter referred to as "Qujing Development Investment"), agreeing that Zinc Electric Company would transfer its 72,427,600 unrestricted circulating shares (accounting for 22.3960% of the total shares of the listed company) to Qujing Development Investment, which agreed to accept the transfer of the target shares held by Zinc Electric Company.
After the change in equity, the transferee Qujing Development Investment will become the controlling shareholder of the company, holding 72,427,600 shares (accounting for 22.3960% of the total shares of the company) and the corresponding voting rights and other rights associated with those shares. The transferor Zinc Electric Company will still hold 16,170,000 shares (accounting for 5.0001% of the total shares of the company).
In addition, the company's stock will resume trading on June 4, 2025 (Wednesday) at the opening of the market
