Guangzhou Xintu to take control of Rongfeng in buyout deal

What's the deal? Rongfeng Holding GroupDealroom has a profile for this one. Try Dealroom → (000668.SZ) said its controlling shareholder, ShengshidaDealroom has a profile for this one. Try Dealroom →, signed an agreement to transfer a 29.99% stake to Guangzhou XintuDealroom has a profile for this one. Try Dealroom → at US$2.56 per share. As a follow-on step, Xintu plans a partial tender offer for a further 5.01% of shares.

What changes? Once the transfer completes, Guangzhou XintuDealroom has a profile for this one. Try Dealroom → becomes the controlling shareholder of Rongfeng, and Chen Qunping takes over as actual controller.

Why now? The deal was disclosed in October 2026, with Rongfeng's shares set to resume trading on October 13.

The signal: A change of controlling shareholder via negotiated stake transfer plus a partial tender offer is a familiar route to board-level control on China's stock exchanges — shifting both the controlling shareholder and the ultimate decision-maker in one structured move.

Read more: sohu.com

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