Sinosun Technology announced that its controlling shareholder, Xinjiang Chaojun Equity Investment, is planning a share transfer that may lead to a change in the company's controlling shareholder and actual controller. The counterparty is Shanghai Jingheheng Technology, which operates in the software and information technology services sector. After the transaction, its shareholding will account for approximately 14.18% of the company's total share capital. Trading in the company's shares will be suspended from July 30, with the suspension expected to last no more than two trading days.
Sinosun TechPlanned share transfer may lead to change of control; impact depends on terms and future strategy.
As the controlling shareholder planning a share transfer, the outcome is uncertain.