ST JSMC: The actual controller will change to the Jilin Provincial State-owned Assets Supervision and Administration Commission, and trading will resume on June 26
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ST JSMC announced that its controlling shareholder Shanghai Pengsheng Technology will transfer 22.32% of its shares to Jilin Province Yadong State-owned Capital Investment Co., Ltd., and the actual controller will change to the Jilin Provincial State-owned Assets Supervision and Administration Commission. This transaction aims to promote the development of the semiconductor industry in Jilin Province and repay the occupied funds of the listed company. The company's stock will resume trading on June 26, 2025
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