Core Viewpoint - Zhejiang carpet manufacturer Zhenai Meijia (003041.SZ) is planning a change of control, with its controlling shareholder Zhenai Group holding 46.37% of the shares. The actual acquirer has not been disclosed yet, and the company's stock will be suspended from trading starting November 5 for up to two trading days [1][2]. Group 1: Company Performance - Zhenai Meijia has faced significant operational pressure in recent years, primarily relying on carpet exports. The company's net profit attributable to shareholders for the first three quarters of 2023 was 230 million yuan, a year-on-year increase of 310.28%, largely due to compensation from factory demolition, while actual business profit remains at a historically low level [1]. - Despite operational challenges, Zhenai Meijia's stock price has risen significantly since November 2024, maintaining a relatively high level [2]. Group 2: Shareholder Actions - In July, shareholder Yiwu Boxin Investment Co., Ltd. announced plans to reduce its stake by 3%, but did not execute the transaction by the end of October, leading to speculation prior to the announcement of the control change [2]. Group 3: Related Corporate Actions - Concurrently with the control transfer, Zhenai Group is conducting a new round of private placement for Huading Co., aiming to raise approximately 708 million yuan, fully subscribed by Zhenai Group. The funding sources include 40% from Zhenai Group's own funds and 60% from bank loans [2][3]. - The private placement plan was first disclosed in November 2024 but has faced scrutiny from the Shanghai Stock Exchange regarding the necessity of the fundraising projects and the sources of subscription funds [3].