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Planning a change of control, Baibang Technology will suspend trading starting March 30.
Beijing Business News (Reporter Wang Manlei) On March 29, Baibang Technology (300736) announced that due to planning for a change in control, the company’s stock will be suspended from trading starting March 30, with the suspension expected to last no more than two trading days.
Baibang Technology stated that it recently received a notice from its controlling shareholder, Beijing Da’an Century Investment Management Co., Ltd., Beijing Yuehua Zhongcheng Investment Management Center (Limited Partnership), and actual controller Liu Tiefeng, indicating that the controlling shareholder and actual controller are planning matters related to a change in the company’s control, which may result in a change of the company’s controlling shareholder and actual controller.