Guangdong Hoshion Industrial Aluminium (SHE:002824) agreed to terminate a share transfer agreement, according to a Shenzhen Stock Exchange filing on Tuesday.
The agreement was made on Nov. 18, 2024, with Ningbo Ningju Asset Management Center through the company's controlling shareholder and actual controller. Under the deal, controlling shareholder Li Jianxiang would have transferred 14 million shares in the company to Ningbo Ningju for 238.8 million yuan.
The parties decided to end the deal, which was not fully processed after its signing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.