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On December 5, CEEC (300062.SZ) revealed its intention to purchase, through a competitive public bidding process, 65% equity interests along with the corresponding debt claims from each of three entities: Shandong Dachi Electric Co., Ltd., Shandong Dachi High-Voltage Switchgear Co., Ltd., and Shuifa Chixiang Electric (Shandong) Co., Ltd., utilizing cash as the payment method. Following the completion of this transaction, these three companies are set to become wholly-controlled subsidiaries under CEEC's umbrella. Although this deal has the potential to be classified as a major asset restructuring, it is noteworthy that it will not involve the issuance of any new shares, does not qualify as a related-party transaction, and will not lead to a change in the controlling interest of CEEC.
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