Songfa Co., Ltd. (603268.SH) discloses major asset restructuring plan to resume stock trading

Zhitongcaijing · 10/16 11:33

Zhitong Finance App News, Songfa Co., Ltd. (603268.SH) announced that the company plans to purchase 100% of the shares of Suzhou Zhongkun Investment Co., Ltd., Suzhou Hengneng Supply Chain Management Co., Ltd., Hengneng Investment (Dalian) Co., Ltd. and Hengli Heavy Industries Group Co., Ltd. held by Chen Jianhua by issuing shares to no more than 35 specific investors to raise supporting capital (“this restructuring”). Following an application from the Shanghai Stock Exchange, trading of the company's shares was suspended from the opening of the market on September 30, 2024.

On October 16, 2024, the 24th meeting of the 5th board of directors of the company deliberated and passed proposals related to this restructuring, such as the “Proposal on the Company's Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Transactions”. After applying to the Shanghai Stock Exchange, trading of the company's shares will resume from the opening of the market on October 17, 2024 (Thursday).