Snowsky Salt Industry Announces Plan to Acquire 100% Equity of Kuntian New Energy Through Share Issuance and Cash Payment; Due Diligence, Audit, and Valuation Progressing Smoothly
15 hour ago / Read about 0 minute
Author:小编   

Snowsky Salt Industry has announced that it plans to acquire 100% equity of Hebei Kuntian New Energy Co., Ltd. through a combination of share issuance and cash payment, along with raising supporting funds. The transaction is expected to constitute a major asset restructuring and a related-party transaction, though it will not result in a restructuring listing. Currently, due diligence, audit, and valuation work are progressing smoothly. Upon completion, the company will convene another board meeting to deliberate and disclose the formal plan.