300692，控制权变更！明天复牌！

Core Viewpoint - The control of Zhonghuan Environmental Protection (300692) has changed hands, with the actual controller Zhang Bozhong and his associates transferring 70.54 million shares (16.62% of total shares) to Beijing Dingyuan and Jiaxing Dingkang at a price of 8.48 CNY per share, totaling 598 million CNY [1][3]. Group 1: Share Transfer Details - The share transfer price represents a discount of approximately 4% compared to the closing price of 8.86 CNY per share before the suspension [3]. - After the transfer, Zhang Bozhong will relinquish voting rights for 19.17 million shares (4.52% of total shares), reducing his voting rights to 7.07% [3]. - The new controlling shareholder will be Beijing Dingyuan, with Liu Yang becoming the new actual controller [3]. Group 2: Background of New Controller - Liu Yang is recognized for his long-term investment in the biopharmaceutical innovation sector and is the founder and chairman of Beijing Saifu Pharmaceutical Research Institute, a national-level "little giant" enterprise [4]. - Saifu Pharmaceutical, established in 2016, provides top-tier CRO evaluation services and supports innovation in drug development through various services [4]. - The company has attracted significant investment from well-known institutions, indicating strong market confidence in its business model [4]. Group 3: Zhonghuan Environmental Protection's Business - Zhonghuan Environmental Protection focuses on water treatment, waste incineration power generation, and hazardous waste treatment, while also expanding into renewable energy sectors like photovoltaics and hydrogen energy [4]. - The company aims to explore new growth opportunities and transform its business model in line with future technological advancements [4]. Group 4: Future Prospects - Liu Yang's entry is expected to bring new growth potential to Zhonghuan Environmental Protection, leveraging his resources in the biopharmaceutical sector to enhance asset quality and improve operational efficiency [5].