Yubang New Materials: Suzhou Deling to Buy 29.99% Stake for 861 Million Yuan, Trading Resumes September 7

Yubang New Materials said on September 6 that Suzhou Deling Enterprise Management Consulting signed a share transfer agreement with controlling shareholder Juxinyuan and actual controllers Xiao Feng and Lin Min to buy 42,878,053 shares, or 29.99% of the company, at 20.08 yuan per share for a total of 860,991,304 yuan. After the transfer, Suzhou Deling will hold 29.99% of the listed company and the voting rights attached to those shares. Following completion of the transfer and a tender offer, the controlling shareholder will change from Juxinyuan to Suzhou Deling, and the actual controllers will change from Xiao Feng and Lin Min to Jiang Wenquan, according to Jiemian News. The company said its shares and convertible bonds will resume trading on September 7, 2026.