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Planning Control Transfer, Chifeng Gold Suspends Trading Starting March 19
Beijing Business Daily (Reporter Wang Manlei) On the morning of March 19, Chifeng Gold (600988) announced that due to plans for a change in the company’s control, its stock has been suspended starting March 19, with an expected suspension period of no more than five trading days.
The announcement states that on the evening of March 18, the company received notice from the controlling shareholder and actual controller, Li Jinyang, that Li Jinyang and his concerted parties are planning a major transfer of their shares in the company. This matter may lead to a change in the company’s actual control.