Gelonghui, November 15th - Mudanjiang Hengfeng Paper (600356.SH) announced that the company is planning to issue shares to acquire 100% equity of Sichuan Jinfeng Paper Co., Ltd. (hereinafter referred to as "this transaction"). According to the relevant regulations such as the "Measures for the Administration of Major Asset Restructuring of Listed Companies", this transaction is not expected to constitute a major asset restructuring, but constitutes a related party transaction, and this transaction will not result in a change of the company's actual controller.
As this transaction is still in the planning stage and there is uncertainty, in order to ensure fair disclosure of information, protect the interests of investors, and avoid abnormal fluctuations in the company's stock price, the company has applied to the Shanghai Stock Exchange. The company's stocks will be suspended from trading starting from November 18, 2024 (Monday), and the continuous suspension is expected not to exceed 10 trading days.
