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Planning a change of control, Fulin Transportation will be suspended from trading starting March 26.
Beijing Business News (Reporter Ma Huanhuan, Li Jiaxue) On the evening of March 25, Fulian Transportation (002357) announced that it had received a written notice from its controlling shareholder, Yongfeng Group Co., Ltd., informing that it is planning to transfer the company’s shares, which may lead to a change in the company’s controlling shareholder and actual controller. The company’s stock will be suspended from trading starting March 26, with the suspension expected to last no more than 2 trading days.
Fulian Transportation stated that during the suspension period, the company will strictly fulfill its information disclosure obligations according to legal regulations based on the progress of the matter. Once the above matter is determined, the company will promptly disclose relevant announcements and apply for the resumption of its stock trading.
Trading data shows that on March 25, Fulian Transportation rose by 6.87%, closing at 14.46 yuan per share, with a total market value of 4.533 billion yuan.