Shanghai Yahong Says Control-Change Talks Ongoing, Shares Stay Suspended

The open-ended nature of the talks is the key detail: the controlling shareholder has not yet reached a deal, so the suspension is a holding pattern rather than a prelude to a confirmed transaction. That leaves minority holders with no ability to price the news until disclosure, and the three-day cap means the company must either produce terms or resume trading without them. Whether the discussions yield a definitive agreement, or simply expire, is the question that will define the next disclosure.