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Yamaton Plans Change of Control; Shares to Halt Trading from November 3
36Kr1 min read
36Kr learned that Yamaton announced its controlling shareholder, Yamaton Technology, signed a letter of intent for a share transfer with Shanghai Qixing Network Technology Co., Ltd. ("Qixing Network"). Yamaton Technology plans to transfer 20% of the company's shares to Qixing Network via agreement, a move that may result in a change of the company's controlling shareholder and actual controller. The company's shares will be suspended from trading at the market open on November 3, with the suspension expected to last no more than two trading days.
Read the full article at 36Kr