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Jiangsu Tianlong faces delisting risk amid share auction

April 7, 2025 at 12:04 PM UTCBy FilingReader AI

Jiangsu Huasheng Tianlong Photoelectric (SZSE:300029) faces increasing financial pressures and potential delisting risks as it navigates shareholder stake auctions and ongoing losses. A major shareholder, Changzhou Noah Technology, saw 20 million shares auctioned off for CNY94.53 million, reducing its stake in Jiangsu Tianlong and making it no longer a major shareholder. The auction itself does not lead to changes in company control.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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