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Planning a change of control, Dechang Co., Ltd. will suspend trading starting March 27.
Beijing Business News (Reporter Wang Manlei) On the evening of March 26, Dechang Co., Ltd. (605555) disclosed an announcement stating that the company’s controlling shareholder and actual controller are planning a significant matter, which may lead to a change in the company’s control. The company’s stock will be suspended from trading starting March 27, with the suspension expected to last no more than 5 trading days.
The announcement indicates that Dechang Co., Ltd. received notification from its controlling shareholder and actual controller after the market closed on March 26. Huang Yuchang, Zhang Liying, Huang Shi, and their related parties are planning a significant matter involving the partial transfer of their shares in the company, which may result in a change of the actual controller of the company.