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Changxin Bochuang: Announces Plan to Purchase 2.20% Stake in Changxinsheng for 196 Million Yuan
3 hour ago /
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Author：小编
Changxin Bochuang has released an official announcement detailing its intention to purchase a 2.20% equity stake in Changxinsheng from shareholder LONGVALLEY LIGHT LIMITED. The acquisition, valued at 196 million yuan in cash, represents a related-party transaction. This deal has already received the green light from the board of directors, thus bypassing the requirement for shareholder meeting approval. With Changxinsheng's total valuation pegged at 8.9 billion yuan, this particular transaction does not qualify as a significant asset restructuring. Following the completion of this acquisition, Changxin Bochuang's ownership stake in Changxinsheng will rise to 62.65%.
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