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Weilong Grape Wine's Controlling Shareholder Plans Control Transfer

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-- Weilong Grape Wine's (SHA:603779) controlling shareholder, Xinghe Xirang (Zhejiang) Digital Technology, plans to transfer its control in the company, according to a Shanghai bourse filing on Wednesday.

The potential transaction could likely bring a change in the company's controlling shareholder.

The Chinese wine producer suspended the trading of its shares and the suspension is expected to last for two trading days.

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