Huaxin Shares to Resume Trading Oct 28 as Guosheng Group Becomes Controlling Shareholder

The transfer consolidates control under a state-linked buyer while leaving Yidian with a residual stake, so the governance question shifts from ownership to how Guosheng's 29.99% is used. That level sits just under a threshold that would normally trigger a mandatory offer, which makes the structure itself the story rather than the price. What matters next is whether the new controlling holder signals a strategic or financial intent, and whether the minority position held by Guomao becomes a counterweight or a passive one.