Zhejiang Fenglong Electric (SHE:002931) said the control over the company may change amid its controlling shareholder's proposal, according to a Shenzhen bourse disclosure on Thursday.
The controlling shareholder, Zhejiang Chengfeng Investment, and actual controller, Dong Jiangang, are making the plan, which is still under evaluation and negotiation.
Trading of the Chinese machinery manufacturer was suspended and it is expected to remain suspended for two trading days.
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