Shandong Sinoglory Health Food (603182.SH) plans to raise funds by no more than 266 million yuan through a private placement to a land group. Stock trading will resume.

Shandong Sinoglory Health Food (603182.SH) disclosed a plan to issue A shares to specific entities, with Shandong Land Development Group Co., Ltd. (referred to as "Land Group") as the issuee. According to the relevant agreement, after the completion of the agreement transfer, Land Group will become the controlling shareholder of the company. The total amount of funds raised from the issuance of shares to specific entities this time will not exceed RMB 266 million (including this amount), and after deducting issuance expenses, it will all be used to supplement working capital. On the same day, the company disclosed the progress of the planned change in control of the company. After the completion of this change in control, the controlling shareholder of the company will be changed to Land Group, and the actual controller of the company will be changed from Zhang Guanling, Li Guangqing, Jia Hui, Huang Ruihua, and Zhang Xiaowei to the State-owned Assets Supervision and Administration Commission of Shandong Province. The company's stock will resume trading from Thursday, April 9, 2026.