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Assets injected again by the controlling Shareholder, Huaihe Energy will suspend trading from tomorrow | Quick announcement read.
① Huaihe Energy is planning to acquire 89.3% of the equity held by its controlling shareholder, Huaihe Energy Electrical Utilities Group; the company's Stocks will be suspended from trading starting tomorrow. ② The company has completed the acquisition of 100% equity of Panji Power Plant, which belongs to its controlling shareholder, Huainan Mining Group, in December 2023.
Huaihe Energy (600575.SH): Plans to organize a significant Assets restructuring matter. Stocks will be suspended from trading starting December 17.
On December 16, Gelonghui reported that Huaihe Energy (600575.SH) announced that the company is planning to acquire 89.30% of the equity held by its controlling shareholder, Huainan Mining, in the Electrical Utilities Group through the issuance of shares and payment of cash, as well as to raise matching funds. According to preliminary calculations, this Trade is expected to constitute a significant Assets restructuring, which will not result in a change of the company's actual controller, will not constitute a restructuring listing, and will constitute a related party transaction. The company's Stocks will be suspended from trading starting from the market opening on December 17, 2024, with the suspension expected to last no more than 10 trading days.
Express News | Huaihe Energy Group Says Trading in Shares to Halt From Dec 17 Pending Announcement Related to Asset Acquisition
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