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Planning to change control, Zhuhai Zhongfu will suspend trading starting April 2.
Beijing Business Daily, reported by (Reporter Wang Manlei) — On the evening of April 1, Zhuhai Zhongfu (000659) disclosed an announcement stating that the company is in the process of planning a private placement of A-shares to specific investors. This matter may lead to a change in the company’s controlling interest. The company’s shares have been suspended from trading starting April 2, and the expected suspension period will not exceed two trading days.
Zhuhai Zhongfu said that during the trading suspension period, the company will, based on the progress of the above matter, strictly comply with the provisions of relevant laws and regulations and requirements to timely fulfill its information disclosure obligations. After the above matter is determined, the company will resume trading after it discloses the relevant announcements.