On July 28th, Gelunhui announced that Xiamen Xiangyu (600057.SH) received a notice from its controlling shareholder Xiangyu Group regarding its intention to acquire Xiamen Xiangyu and its subsidiary Jiangsu Delong and its controlling subsidiary's debt rights. The specific situation is announced as follows:
Xiamen Xiangyu Group Co., Ltd. (hereinafter referred to as "Xiangyu Group") has learned that Jiangsu Delong, Xiangshui Hengsheng Stainless Steel Casting Co., Ltd., Xiangshui Juhe Metal Products Co., Ltd. and Xiangshui Defeng Metal Materials Co., Ltd. have been applied for bankruptcy reorganization. After multiple inquiries by Xiangyu Group, the above four companies are currently under government supervision and are still operating normally with rolling delivery capabilities. In order to protect the interests of the listed company and its large investors, Xiangyu Group intends to acquire the company's debt rights to Jiangsu Delong and its controlling subsidiaries in a whole, including but not limited to prepayment accounts and accounts receivable of the company's debts to Jiangsu Delong, Xiangshui Hengsheng Stainless Steel Casting Co., Ltd., Xiangshui Juhe Metal Products Co., Ltd., Xiangshui Defeng Metal Materials Co., Ltd. and other controlling subsidiaries of Jiangsu Delong.
