Fulongma Group Co. Ltd.SSE: 603686

(603686)"FULONGMA GROUP CO., LTD."Announcement on Proposed Acquisition of Equity by Wholly-owned Subsidiary

· Issued by Fulongma Group Co. Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603686 · · 10 pages · Chinese

Summary by 6ix AI

The acquisition is valued at a specified amount and will be funded through the subsidiary's own and raised funds, making the target company a wholly-owned subsidiary upon completion. The board of directors has approved the transaction, which does not require shareholder approval and is not classified as a major asset restructuring. The filing also outlines potential risks associated with the acquisition, including the need for written consent from the project owner and uncertainties in regulatory approvals.

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

On 6ix: 6ix.com/news/603686fulongma-group-co-ltdannouncement-on-proposed-acquisition-of-equity-by-wholly-owned-subsidiary

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Announcement on Proposed Acquisition of Equity by Wholly-owned Subsidiary

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:

Fulongma Group Co. Ltd. on 6ix

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