Financial Associated Press November 12th (Reporter Wu Chao) Changzhou Shenli Electrical Machine Incorporated (603819.SH) disclosed today that the company's controlling rights may change hands, and the company's stock has already reacted, closing at the daily limit for two consecutive days.

According to the announcement, Changzhou Shenli Electrical Machine Incorporated received a notice today from the company's controlling shareholder and actual controller, Chen Zhongwei, stating that Chen Zhongwei is planning to transfer the company's shares, which may lead to a change in the company's controlling shareholder and actual controller.

Due to the ongoing negotiations of the above matters and significant uncertainties, the company's stock will be suspended from trading starting from November 13th (Wednesday), and the suspension is expected to last no more than two trading days.

It is worth noting that prior to this disclosure, the stock price of Changzhou Shenli Electrical Machine Incorporated had already experienced abnormal fluctuations, closing at the daily limit for the past two trading days. Today, Changzhou Shenli Electrical Machine Incorporated closed at 11.80 yuan, with a change of 9.97%, a turnover ratio of 7.24%, and a trading volume of 0.184 billion yuan.

From the data on the dragon and tiger list, the total amount of the top three seats in the past two trading days was 27.8851 million yuan for buying and 43.6369 million yuan for selling. The top three branches with the largest buying amounts are HTSC headquarters, GTJA headquarters, and GF Securities Hangzhou Xiangwang Street branch.

Looking back at the announcement, the actual controller Chen Zhongwei's reply to the "Inquiry Letter on the Abnormal Fluctuations in the Trading of Stocks of Changzhou Shenli Electrical Machine Incorporated" sent by the company today stated: Apart from the planned share transfer mentioned above, there are no other significant matters affecting the abnormal fluctuations in the company's stock trading, and there is no undisclosed significant information related to the company that should be disclosed. During this period of abnormal stock trading, neither myself nor the concerted actors have engaged in buying or selling the company's stock.

In addition, Changzhou Shenli Electrical Machine Incorporated also received a regulatory letter issued by the Shanghai Stock Exchange today.

There are rumors in the market that the buyer for the possible change in control of changzhou shenli electrical machine incorporated this time will be chengtun mining group. Previously, changzhou shenli electrical machine incorporated had planned to merge into the 'Chengtun Series' of the capital market, but it did not happen.

It is understood that as early as June 2022, changzhou shenli electrical machine incorporated had proposed a change of ownership plan, planning to acquire 29.62% of the shares by sichuan yuming yao through a two-step process of 'agreement transfer + private placement subscription,' thereby becoming the new controlling shareholder of the company. And sichuan yuming yao's controlling shareholder is chengtun mining group, with the actual controller being Yao Xiongjie.

But the private placement matter can be described as full of twists and turns. After the first revision, in October 2022, changzhou shenli electrical machine incorporated applied to withdraw the private placement application. In the first quarter of 2023, changzhou shenli electrical machine incorporated released the second revised draft and the third revised draft of the private placement plan. This private placement matter was questioned by regulators in April 2023. In August 2023, the company announced the decision to terminate the private placement and withdraw the application. Regarding the reason for termination, the company stated that it was considering factors such as the capital market environment and the actual situation of the company.

Public information shows that chengtun mining group currently owns two listed companies, ST Chengtun (600711.SH) and chengxin lithium group (002240.SZ). Its leader Yao Xiongjie, although from a grassroots background, has early experience in multiple industries, becoming famous in the investment community for his success at a young age.

Born in 1967, Yao Xiongjie founded the predecessor Xiongzhen Investment of chengtun mining group in 1993, later acquiring the predecessor Longzhou Stock of chengtun mining group. He is famous for his aggressive style, often expanding asset scale with a combination of 'acquisition and financing'.