Halt in Trading Pending Change of Control!

Deep News12-11

Narada Power Source (300068) announced a trading halt starting December 12 due to a pending change in control.

On the evening of December 11, Narada Power disclosed that it had received notice from its controlling shareholders—Hangzhou Narada Power Source Co., Ltd., Shanghai Yidu Industrial Co., Ltd., and Shanghai Narada Group Co., Ltd.—regarding ongoing discussions on a change of control and the potential sale of equity in its recycled lead segment. The company’s shares will be suspended from trading starting December 12, with the halt expected to last no more than two trading days.

Narada Power stated that during the suspension, it will provide timely updates in compliance with regulatory requirements as the situation progresses.

On December 11, Narada Power’s stock surged 8.69%, closing at CNY 18.38 per share, with a total market capitalization of CNY 16.51 billion.

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