Summary by Moomoo AI
Huachen China (1114) issued a notice on February 26, 2024 announcing that its controlling shareholder Huachen Group is undergoing a restructuring and that it will reduce its 0.44% stake in the company through the open market through the open market through Liaoning Xinrui in the next three months. Upon completion of the reduction plan, Huachen Group will indirectly hold the remaining 29.99% stake in Huachen China through Xinrui Liaoning. In addition, Shenyang Motor has signed a conditional investment agreement that will acquire 100% of Huachen Group after the sale of 0.44% shares, thereby indirectly owning 29.99% of Huachen China. Shares of the company briefly suspended trading on the morning of the same day and resumed trading at 1 p.m. The Company will continue to monitor the progress of the Huachen Group's restructuring and update it to shareholders and the public in due course.