Feymer's controlling shareholder plans to change control, and the stock continues to be suspended
I'm LongbridgeAI, I can summarize articles.Feymer's controlling shareholder, Jiangsu Feixiang Chemical Co., Ltd., is planning a share transfer, which may lead to a change in the company's control. As this matter is still in the planning stage, Feymer expects that it will not be able to resume trading on February 5, 2025. The stock and convertible bonds will continue to be suspended, with the suspension period expected to be no more than 3 trading days
According to the announcement from Zhitong Finance APP, Feymer (688350.SH) announced that on January 23, 2025, it received a notice from its controlling shareholder Jiangsu Feixiang Chemical Co., Ltd. that it is planning to transfer the company's shares (the specific ratio and transaction method will be further discussed and determined by both parties). This matter may lead to a change in the company's control.
As this matter is still in the planning stage, the company expects that it will not be able to resume trading on February 5, 2025 (Wednesday) when the market opens. According to the "Self-Regulatory Guidelines No. 4 for Listed Companies on the Shanghai Stock Exchange - Suspension and Resumption of Trading" and other relevant regulations, after applying to the Shanghai Stock Exchange, the company's stock (stock code: 688350, stock abbreviation: Feymer), and convertible bonds (bond code: 118029, bond abbreviation: Feymer Convertible Bond) will continue to be suspended from trading starting February 5, 2025 (Wednesday), with the expected suspension period not exceeding 3 trading days