ST Longyuan to Resume Trading July 10 After Ningbo Kaihai Launches Partial Tender Offer
2026-07-09 13:54:01
ST Longyuan said it is planning a major matter involving the company and that its shares were suspended from July 3 to July 9, 2026, for five trading days, according to Jiemian News. During the suspension, the company received a tender offer report summary from Ningbo Kaihai Self-Funded Investment Development Co., Ltd., which is making a partial tender offer to all shareholders for 91.786 million shares at 1.25 yuan per share. After completion, Ningbo Kaihai could hold up to 91.786 million shares, representing 6% of the company’s total issued shares. ST Longyuan said it has applied to the Shanghai Stock Exchange and will resume trading from market open on July 10, 2026.
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