Songyang Recycling scraps control change, resumes trading

Guangdong Songyang Recycling Resources Co., Ltd. [SSE:603863] announced the termination of its planned change of control. Trading of the company's shares, which was halted on June 27, 2025, is set to resume on July 4, 2025. The decision to terminate the planned change in control was made because the controlling shareholder, Wang Zhuangpeng, and the counterparty failed to reach a consensus on certain key terms. The company emphasized that the termination of the planned change in control will not have a significant adverse impact on the company’s business performance or financial condition.