Fulin Shipping: The actual controller will be changed to the Dongyang State-owned Assets Supervision and Administration Office. Trading will resume tomorrow.

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Each-Day Economic News AI Express, April 1, Fulin Transport & Logistics (002357.SZ) announced that its controlling shareholder Yongfeng Group plans to transfer a total of 800 million yuan in holdings—18% of the company’s shares—at a price of 14.18 yuan per share to Dongwang Lianhang. Yongfeng Group has committed that within 36 months from the date of share delivery agreed in the “Share Transfer Agreement,” it will waive the voting rights corresponding to 5% of the shares out of its 11.9% stake in the company. After the transaction is completed, the company’s controlling shareholder will be changed from Yongfeng Group to Dongwang Lianhang, and the actual controller will be changed from Liu Feng to Dongyang Municipal State-owned Assets Supervision and Administration Office. The company’s shares will resume trading after suspension from April 2 when the market opens.

Daily Economic News

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