Senyuan Electric plans to acquire equity in the electrical manufacturing and lighting industry
February 04 14:10:31, 2024
On January 5, Senyuan Electric announced that the company's major asset restructuring plans to acquire all or part of the equity of the electrical appliance manufacturing and lighting industry companies. The counterparty is the whole or part of the shareholders of the target company. The associated third party does not constitute a connected transaction. The transaction was initially drafted to purchase all or part of the equity of the underlying company in cash. On January 5, Senyuan Electric announced that the company's major asset restructuring plans to acquire all or part of the equity of the electrical appliance manufacturing and lighting industry companies. The counterparty is the whole or part of the shareholders of the target company. The associated third party does not constitute a connected transaction. The transaction was initially drafted to purchase all or part of the equity of the underlying company in cash. The company's stock continues to be suspended. During the suspension period, the company and related parties consulted and argued that the company's proposed acquisition of the equity of the company in the electrical manufacturing and lighting industry has constituted a major asset restructuring. The company's shares will be transferred to major asset restructuring from December 21, 2017 (Thursday). It also disclosed the “Notice on the Suspension of Major Asset Restructuring†(Announcement No.: 2017-081). It is expected to disclose the major asset restructuring plan (or report) by January 7, 2018.