Shimao Energy: Planning for changes in control, stock will continue to be suspended for no more than 3 days.
Shimao Energy announced that its controlling shareholder, Shimao Investment, and the actual controller are planning to transfer company shares, which may result in a change in control. The company's stock has been suspended from trading since January 12th. It is expected that trading will not resume on January 14th, and therefore, the suspension will continue until further notice, expected to be no more than 3 trading days. During the suspension period, the company will disclose progress according to regulations, and will apply for resumption of trading once the matter is confirmed. Investors are reminded to pay attention to follow-up announcements and be aware of risks.
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