Gelonghui, November 11丨Shimao Energy (605028.SH) announced that it is planning to issue shares and pay cash to purchase a controlling interest in Nantong Zhanding Material Technology Co., Ltd. (“Zhanding Technology”). Since Zhan Ding Technology's valuation and pricing have not yet been finalized, this transaction may constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”. The final counterparty, payment method, and specific determination of whether this transaction constitutes a major asset restructuring shall be subject to subsequent announcements. This transaction will not result in a change in the actual controller of the company and will not constitute a restructuring and listing. Trading of the company's shares has been suspended since the opening of the market on November 11, 2024 (Monday), and will continue to be suspended from the opening of the market on November 12, 2024 (Tuesday). It is expected that the suspension (cumulative) period will not exceed 10 trading days.
The company, Shanghai Dongfuyuan Enterprise Development Center (limited partnership), and Shanghai Xuyin Zhanding Enterprise Development Center (limited partnership), the controlling shareholder of Zhanding Technology, jointly signed the “Share Transfer Intent Agreement” on November 10, 2024, agreeing to purchase no less than 58.07% of Zhanding Technology's equity assets by issuing shares and paying cash. In principle, the valuation of Dingzhan Technology is limited to no more than 1.2 billion yuan. The final acquisition ratio and specific purchase price will be determined by both parties after completing the company's due diligence, audit and evaluation procedures, and a formal share transfer agreement It's clear in the middle.
