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Tianyang New Materials (Shanghai) Technology Co., Ltd.'s (SHSE:603330) Market Cap Dropped CN¥419m Last Week; Retail Investors Bore the Brunt
Shanghai Tian Yang Hotmelt Adhesives (603330.SH): The controlling shareholder plans to change to Beijing Rui Xing Yang. Trading will resume on April 9.
Shanghai Tian Yang Hotmelt Adhesives (603330.SH) announced that on April 6, 2025, the company's controlling shareholder and actual controller...
Shanghai Tian Yang Hotmelt Adhesives (603330.SH): Ru Boxing and Ru Zhengwei will become the actual controllers.
On April 8, Gelonghui reported that Shanghai Tian Yang Hotmelt Adhesives (603330.SH) announced that on April 6, 2025, the controlling shareholder and actual controller Mr. Li Zhelong along with his concerted actors Li Mingjian, Park Yifeng, Li Shunyu, and Park Yihong signed the "Share Transfer Agreement" with Bairui Xingyang and its concerted actors Weichuang Jiazhe, and on the same day signed the "Voting Rights Waiver Agreement" and the "Commitment Letter Not to Seek Control". According to the agreement, Bairui Xingyang and its concerted actors Weichuang Jiazhe collectively acquired 66,410,206 shares held by Mr. Li Zhelong and his concerted actors in Shanghai Tian Yang Hotmelt Adhesives, accounting for 15.35%.
Tianyang New Materials Shanghai Technology's Controlling Shareholder Plans to Divest Stake
Shanghai Tian Yang Hotmelt Adhesives (603330.SH): continues to be suspended.
Glonghui reported on April 3 that Shanghai Tian Yang Hotmelt Adhesives (603330.SH) announced that the company recently received a notice from its controlling shareholder and actual controller, Mr. Li Zhelong. It has been learned that Mr. Li Zhelong is planning to transfer a portion or all of the shares he holds in the company through an agreement, which involves significant matters related to the company and may result in a change of control. As of the date of this announcement, the aforementioned matter is still in the planning stage, and relevant details need to be fully negotiated and determined. The parties involved in the transfer agreement still need to further discuss, confirm, and sign a formal share transfer agreement. The company anticipates it will not be able to start trading on April 7, 2025 (Monday).
Shanghai Tian Yang Hotmelt Adhesives (603330.SH): Actual controller Li Zhelong plans to arrange a significant matter. Stocks will be suspended from trading starting April 2.
On April 1st, Glonghui reported that Shanghai Tian Yang Hotmelt Adhesives (603330.SH) announced that the company's controlling shareholder and actual controller, Mr. Li Zhelong, is planning to make a significant arrangement for the agreement transfer of some or all of the company's shares he holds, which may result in a change of control of the company. Given the uncertainty of this matter, the company's Stocks will be suspended from trading starting April 2, 2025. The suspension is expected to last no more than 2 trading days.
Fewer Investors Than Expected Jumping On Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330)