Business
Announcement on Suspension in Planning Major Asset Restructuring
Announcement on Suspension in Planning Major Asset Restructuring
About this update from Ningbo Changhong Polymer Scientific & Technical Inc. Class A
Ningbo Changhong Polymer Scientific and Technical Inc. is planning to acquire 100% equity interest in Guangxi Changkexin Materials Co., Ltd. through a combination of share issuance, convertible corporate bonds, and cash payment, while simultaneously raising supporting funds.As the transaction is still subject to uncertainty, and in accordance with the relevant regulations of the Shanghai Stock Exchange and upon the Company's application, the company's stock will be suspended from the opening of the market on July 8, 2025, and the suspension is expected to last no more than 10 trading days.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: View Attachment