ZHHL: Planning for a change in company control, stock continues to be suspended
ZHHL announced that its controlling shareholder Wu Jun San is planning a change in the company's control, which may lead to a change in the controlling shareholder and actual controller. The company's stock and convertible bonds will be suspended from trading starting August 29, 2025, with the suspension expected to last no more than 3 trading days. During the suspension period, the convertible bonds "Zhonglu Convertible Bonds" will stop conversion
According to the Zhitong Finance APP, ZHHL (301040.SZ) announced that Mr. Wu Jun San, the company's controlling shareholder and actual controller, is planning matters related to the change of control of the company, which may lead to a change in the company's controlling shareholder and actual controller. Following the company's application to the Shenzhen Stock Exchange, the company's stock and convertible bonds have been suspended from trading since the market opened on August 29, 2025 (Friday).
As of the announcement date, all parties involved are actively promoting various aspects of this transaction, and the overall transaction plan is still under active negotiation and preparation. The company expects that it will not be able to resume trading at the market opening on September 2, 2025 (Tuesday) morning. The company's stock and convertible bonds will be suspended from trading starting September 2, 2025 (Tuesday), with the suspension period expected to not exceed 3 trading days. During the suspension period, the company's convertible bonds "Zhonglu Convertible Bonds" will stop converting into shares
