Zheng Quan Shi Bao·2025-10-20 07:59Core Viewpoint - *ST Baoying (002047) is undergoing a potential change in control as its major shareholder, Zhuhai Dahengqin Group Co., Ltd., is planning to alter the company's control structure, which may lead to a change in the controlling shareholder and actual controller [1] Group 1: Stock Suspension - The company has applied for a stock suspension starting from October 20, 2025, due to the uncertainty surrounding the control change, with the suspension expected to last no more than two trading days [1][4] - Prior to the suspension, *ST Baoying's stock price increased by 4.33%, reaching 2.41 yuan per share, with a total market capitalization of 3.654 billion yuan [5] Group 2: Stock Price Fluctuation - On October 16 and 17, 2025, *ST Baoying's closing price deviation exceeded 12%, indicating abnormal trading activity [7] - The Shenzhen Stock Exchange issued a regulatory letter to *ST Baoying regarding the abnormal price fluctuations and the need for compliance with trading rules [8] Group 3: Internal Control Issues - The company has been found to have deficiencies in internal controls related to project management, procurement management, and fund management, leading to inaccurate disclosures regarding related party cash donations in December 2024 [8] - The former chairman, general manager, and financial director of *ST Baoying have been held responsible for failing to fulfill their duties and for the company's violations of the Shenzhen Stock Exchange's listing rules [8][10]