Rongfeng Holdings: Controlling Shareholder to Change to Guangzhou Xintu, Stock to Resume Trading Tomorrow

36Kr learned that Rongfeng Holdings announced its controlling shareholder, Shengshida, has signed a share transfer agreement with Guangzhou Xintu to transfer 29.99% of shares at 18.63 yuan per share. As a prerequisite for the completion of this share transfer, Guangzhou Xintu plans to make a partial tender offer to acquire an additional 5.01% of shares. Upon completion of the transaction, the controlling shareholder will change to Guangzhou Xintu and the actual controller will become Chen Qunping. The company's stock will resume trading on October 13.