Fenglong Stock: Planning to change control rights, stocks will resume trading on December 25th.

date
24/12/2025
Fenglong announced that the controlling shareholder and actual controller of the company are planning to change control rights, and the stock will be suspended from trading from December 18. On December 24, Chengfeng Investment and others signed a "Stock Transfer Agreement" with Upriver Choose, with Chengfeng Investment transferring 65,529,906 shares to Upriver Choose for a transfer price of 1.161 billion yuan. After the completion of the stock transfer, Upriver Choose will launch a partial tender offer to purchase 28,450,000 shares. Related parties promise to pre-accept the offer for 28,427,612 shares and waive voting rights. The company's stock will resume trading from the opening of the market on December 25, but this transaction still requires multiple procedures and there are uncertainties.