Huilong New Materials: Termination of planned change in controlling interest, trading resumes on March 5th.
Huilon New Materials announced that the company's controlling shareholder and actual controller Shen Shunhua had previously planned significant matters that could result in a change in the company's control. Trading of the company's stock has been suspended since February 26. Due to the complexity of the matter, the company and the trading party failed to reach a consensus on the core issue, leading to the decision to terminate the planned major event. The company's operations are currently normal, and this matter will not have a significant adverse impact on performance and finances. Trading of the company's stock will resume on March 5.
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