Gansu Energy (000791.SZ): Reorganization application approved by Shenzhen Stock Exchange

Zhitongcaijing · 10/14 14:09

According to Zhitong Finance App, Gansu Energy (000791.SZ) announced that the company plans to purchase 66% of the shares of Gansu Power Investment Changle Power Generation Co., Ltd. held by Gansu Electric Power Investment Group Co., Ltd. through the issuance of shares and cash payment, and also plans to raise supporting capital (“this restructuring” for short) from no more than 35 (inclusive) eligible targets.

The Shenzhen Stock Exchange M&A and Reorganization Review Committee held the 5th M&A and Reorganization Review Committee Review Meeting in 2024 on October 14, 2024 to review the company's application for this restructuring. According to the “Notice on the Results of the 5th Review Meeting of the Shenzhen Stock Exchange M&A and Reorganization Review Committee in 2024” issued by the Shenzhen Stock Exchange, the review results of this meeting were that the transaction met the restructuring conditions and information disclosure requirements.

The company's current restructuring needs to be approved by the China Securities Regulatory Commission before it can be implemented. There is uncertainty about whether the matter can pass the above registration and when it will be finally approved.