Bangyan Technology (688132.SH) announced that the company is planning to acquire the controlling stake of Shenzhen Star Network Communication Technology Co., Ltd. through issuing shares and paying cash.
According to the announcement from Zhitong Finance APP, Bangyan Technology (688132.SH) is planning to acquire the controlling stake of Shenzhen Star Network Communication Technology Co., Ltd. (referred to as "Star Network Communication") and raise matching funds by issuing shares and paying cash. In accordance with the relevant regulations of the Shanghai Stock Exchange, upon the company's application, its stocks will be suspended from trading starting from November 25, 2024 (Monday) at the market opening, with the suspension expected to last no more than 5 trading days.
As of the date of this announcement, all related parties are actively advancing various tasks of this trade. The company expects that it will not be able to resume trading starting from December 2, 2024 (Monday) at the market opening. The company's stocks will continue to be suspended from trading starting from December 2, 2024 (Monday) at the market opening, with the continued suspension expected to last no more than 5 trading days.
