GXSH(SZ:000716) Sou Hu Cai Jing·2025-08-04 11:34Core Viewpoint - The controlling stake of the well-known brand "Black Sesame" is set to change hands, as the current major shareholder, Guangxi Black Five Food Group, is planning to transfer its shares, potentially leading to a change in company control [1] Group 1: Company Background - Black Sesame was listed on the Shenzhen Stock Exchange in 1997 and is recognized as the "first stock in China's black sesame industry," with main products including black sesame paste, black sesame balls, and black sesame milk [1] - The company has a long history, originating from the establishment of the Southern Children's Food Factory in 1984, which later became the Southern Black Sesame Group [6] - The current major shareholder, Guangxi Black Five Food Group, acquired its controlling stake through a series of share purchases and mergers, becoming the largest shareholder by 2006 [7] Group 2: Recent Developments - On August 4, 2025, Black Sesame announced a suspension of trading due to the planned share transfer, which is expected to last no more than two trading days [1] - Prior to the announcement, the stock experienced a significant increase, rising by 5.7% on August 1 and closing up 4.8% [1] - There were speculations about a potential leak of information regarding the share transfer, as a prediction was made on July 3 about a restructuring on August 12 [2][4] Group 3: Management Changes - In the previous year, Black Sesame underwent a management overhaul, with Wei Qingwen stepping down as chairman, although he was appointed as the honorary chairman [8] - The new leadership is represented by Li Yuqun, the son of Li Hanrong, who is part of the controlling family [9] - The company has faced scrutiny due to issues related to non-operational fund occupation and irregular external guarantees, leading to warnings issued to its management [8]