*ST Yushun Announces Plan to Acquire 100% Equity of Three Firms in Cash, Pays RMB 30 Million Deposit
2025-05-07 / Read about 0 minute
Author:小编   

*ST Yushun released an update on May 6 regarding its major asset restructuring, outlining its intention to acquire the full equity of Zhong'enyun (Beijing) Data Technology Co., Ltd., Beijing Shenhuibiyuan Cloud Computing Technology Co., Ltd., and Zhong'enyun (Beijing) Data Information Technology Co., Ltd., all indirectly held by Olive Ida Limited, for cash. This move aims to bolster the company's asset quality and profitability. Currently, *ST Yushun has executed relevant framework and supplementary agreements with the counterparties and deposited RMB 30 million as earnest money. It is important to note that the transaction remains subject to further negotiations, approvals, and execution, with final details to be outlined in a formal agreement. The company cautions investors to be aware of the potential uncertainties and risks associated with this transaction.

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