Xi'an Shaangu Power Co. Ltd.SSE: 601369

(601369)"Xi'An Shaangu Power Co., Ltd."Announcement on Progress of Share Issuance for Asset Acquisition and Related Party Transactions

· Issued by Xi'an Shaangu Power Co. Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 601369 · · 2 pages · Chinese

Summary by 6ix AI

Xi'an Shaangu Power Co. Ltd. has announced progress on its share issuance for asset acquisition and related party transactions. The company plans to acquire a minority stake in Shaanxi Qinfeng Gas Co., Ltd. through a share issuance. The transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring. The company is actively working on the transaction and will hold a board meeting to review related matters once progress is made. Investors are advised to be aware of the risks associated with the transaction, which requires board and regulatory approvals.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/601369xian-shaangu-power-co-ltdannouncement-on-progress-of-share-issuance-for-asset-acquisition-and-related-party-transactions

Release

Announcement on Progress of Share Issuance for Asset Acquisition and Related Party Transactions

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

Link of Full Text for Reference:

Xi'an Shaangu Power Co. Ltd. on 6ix

Story so far

Earlier from Xi'an Shaangu Power

Later from Xi'an Shaangu Power

All Xi'an Shaangu Power news releases