Black Sesame: Controlling shareholder is planning the change of company control.
Black Sesame announced on August 4th that after the market closed on August 1st, the company received a notification from its controlling shareholder, Heiwulei Group, stating that Heiwulei Group is planning to transfer the company's shares it holds, accounting for approximately 20% of the total share capital, to a state-owned enterprise in the tourism and health industry of the Guangxi Zhuang Autonomous Region. The aforementioned share transfer may result in a change of control of the company. The company's stock has been suspended from trading since the market opened on August 4th, and it is expected to resume trading within 2 trading days.
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