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Binhai Energy Aims to Acquire Cangzhou Xuyang's Full Equity; Stock Trading Halted
2025-04-29 /
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Author：小编
Binhai Energy intends to acquire 100% of the equity in Cangzhou Xuyang Chemical, currently held by Xuyang Group and other shareholders, via a share issuance process. Additionally, the company plans to raise capital from select investors. This transaction is anticipated to qualify as a related-party deal and a significant asset restructuring. Upon its conclusion, the controlling shareholder may shift to Xuyang Group, yet the ultimate controller will remain the same. Trading of the company's shares has been suspended since April 30, and the official announcement of the plan is expected within the next 10 trading days.
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