Rongfeng Holding Controlling Stake Sold; Shares Resume Trading Oct 13

A 29.99% negotiated transfer paired with an intent to tender for another 5.01% points to a change of control structured to land just under the 30% threshold that would normally trigger a mandatory full offer — a familiar sequencing in A-share dealmaking. The practical effect falls on remaining shareholders, whose position now hinges on the terms and pricing of the partial tender rather than on the secondary market. Whether the tender is completed as signalled, and at what level, is the open question once trading resumes.