This announcement outlines the compliance of a transaction with the Shenzhen Stock Exchange's regulatory guidelines for major asset restructuring. It confirms that Huafeng Chemical Co., Ltd. will issue 100% of its shares to acquire Huafeng Group. The transaction aims to enhance operational capabilities and strengthen market position, while also addressing potential risks associated with the asset acquisition.
Summary generated by AI · Always verify with source document
Huafeng Chemical Co., Ltd. (hereinafter referred to as "the Company" or "Huafeng") announces that it will issue shares and pay cash to acquire 100% of the shares of Huafeng Group (hereinafter referred to as "Huafeng Group").
This transaction is in compliance with Article 4 of the Guidelines for Major Asset Restructuring of Listed Companies. The main points of this transaction are as follows:
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.