Songyang Resources stock trading halted amid control change plans

Guangdong Songyang Recycle Resources Co., Ltd. (SSE:603863) announced the continued suspension of trading of its shares, initially halted on June 27, 2025. The suspension stems from ongoing discussions regarding a potential change in control of the company, initiated by major shareholder and actual controller, Wang Zhuangpeng. According to the announcement, Wang is currently in negotiations regarding a possible transfer of shares, which could trigger the control shift. The company anticipates the trading halt will extend for a maximum of three additional trading days from July 1, 2025, as negotiations continue. Songyang Resources emphasized that it will comply with disclosure obligations and promptly update investors on material developments.