Planning control transfer, Taifa Pump Industry will suspend trading starting March 24

NightAirdropper · 2026-03-24T00:53:36+00:00

Taifu Pump Industry has decided to suspend trading as of March 24 due to planned changes in company control. The suspension is expected to last no more than 2 trading days. At the same time, its convertible bond "Taifu Convertible Bond" will suspend conversion. The actual controller has begun discussions and negotiations regarding relevant matters.

NightAirdropper

2026-03-24 00:53:36

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Beijing Business Daily (Reporter Wang Manlei) reported that on the evening of March 23, Taifu Pump Industry (300992) announced that due to plans for a change in company control, the company’s stock and convertible bonds will be suspended starting March 24, with an expected suspension period of no more than two trading days. The company’s convertible bonds, “Taifu Convertible Bond,” will also suspend conversions.

The announcement states that on March 23, Taifu Pump Industry received notice from the actual controllers, Chen Yiwen and Lin Huifu, that they are planning a change in control. This matter may lead to a change in the company’s controlling shareholder and actual controller. Currently, all parties are discussing and negotiating specific plans, agreements, and related matters. The details will be based on the relevant agreements signed by all parties.

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