Chifeng Gold: A-share stock resumes trading today, plans to issue 311 million H-share ordinary shares to Zijin Gold

MaticHoleFiller · 2026-03-23T13:38:33+00:00

Li Jinyang and his concerted parties plan to transfer 243 million unrestricted circulating shares to Zijin Gold. Chifeng Gold suspended trading on March 19, 2026, and resumed on March 23, as the transfer may result in a change of controlling shareholder. The transaction parties signed a share transfer agreement under which Chifeng Gold will issue 311 million H shares to Zijin Gold at HK$30.19 per share.

MaticHoleFiller

2026-03-23 13:38:33

Abstract generation in progress

(Source: Caixin)

Ms. Jinyang Li and her concerted parties plan to transfer all of their combined 242 million unrestricted circulating shares to Zijin Gold.

On March 23, Chifeng Gold (600988.SH) announced that, in accordance with the Shanghai Stock Exchange Listing Rules, the Shanghai Stock Exchange Self-Regulatory Guidelines No. 4—Suspension and Resumption of Trading, and other relevant regulations, the company’s stock will resume trading starting from the market open on March 23, 2026 (Monday).

Previously, on the evening of March 18, 2026, the company received notice from the controlling shareholder and actual controller, Ms. Jinyang Li, that she and her concerted parties are planning a major transfer of their holdings in the company, which may lead to a change in the company’s actual controller. In accordance with relevant regulations, the company applied to the Shanghai Stock Exchange for a trading suspension, which began at the market open on March 19, 2026, and is expected to last no more than five trading days.

During the suspension period, the parties involved further negotiated and advanced related matters. On March 22, 2026, the company’s controlling shareholder and actual controller, Ms. Jinyang Li, along with her concerted party Zhejiang Hanfeng Venture Capital Partnership (Limited Partnership), signed the “Share Transfer Agreement for Chifeng Jilong Gold Mining Co., Ltd.” with Zijin Mining Group Co., Ltd.'s wholly owned subsidiary Zijin Gold (Group) Co., Ltd. Ms. Jinyang Li and her concerted parties intend to transfer all of their 242 million unrestricted circulating shares to Zijin Gold; simultaneously, with the approval of the company’s board of directors, the company signed a “Strategic Investment Agreement” with Zijin Gold, proposing to issue 311 million H-shares to Zijin Gold at a price of HKD 30.19 per share.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.