Tongyu Heavy Industry: Planning to change control rights, stock and convertible bonds will be suspended for no more than 2 trading days.
Tongyu Heavy Industries Announcement: On April 29, 2025, the company received written notice from its controlling shareholder, Zhuhai Port Group, stating that Zhuhai Port Group is planning to transfer part of its equity in the company through an agreement, which may result in a change in the company's controlling shareholder and actual controller. The counterparty is mainly engaged in investment business with its own funds, and the matter still needs to be approved by the Zhuhai State-owned Assets Supervision and Administration Commission and other relevant authorities before signing the share transfer agreement. The share transfer agreement has not been signed yet. In order to ensure fair information disclosure, protect investor interests, and avoid causing abnormal fluctuations in the company's stock price, the trading of company stocks and convertible bonds will be suspended from the market opening on April 30, 2025. The suspension is expected to last no more than 2 trading days.
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