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Xinzhu Co., Ltd.: Announces Plan to Acquire 60% Stake in Sichuan Shudao Clean Energy Group Co., Ltd. and Trading Resumption
3 week ago /
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Author：小编
Xinzhu Co., Ltd. has outlined its strategy to divest its entire equity holdings in companies including Sichuan Development Maglev Technology and Chengdu Xinzhu Transportation Technology, which encompass assets related to the rail transit and bridge sectors. Concurrently, the company aims to acquire a 60% stake in Sichuan Shudao Clean Energy Group through a combination of share issuance and cash payments, while also securing supplementary funding. This proposed transaction is contingent upon approval by the shareholders' meeting and regulatory bodies. Trading of the company's shares will recommence on June 10, 2025.
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