Jiangyin Zhongnan Heavy Industries (002445.SZ): Plans to adjust the major asset reorganization plan and add the purchase of 50% equity in Jiangyin Thermal Power.

date
12:12 17/08/2026
avatar
GMT Eight
Zhongnan Cultural (002445.SZ) announced that the company plans to expand its acquisition of a 57.3% stake in Jiangyin Sulong Thermal Power Co., Ltd. (referred to as "Sulong Thermal Power") by additionally acquiring a 50% stake in Jiangyin Thermal Power Co., Ltd. (referred to as "Jiangyin Thermal Power") through the issuance of shares and cash payments, thereby including Jiangyin Thermal Power's 50% stake in this significant asset restructuring transaction. Upon completion of the acquisition, both Sulong Thermal Power and Jiangyin Thermal Power will become subsidiaries controlled by the company, which will facilitate the integration of business operations and resource coordination between the two targets, enhancing business synergy. The company's stock will be suspended from trading starting from August 17, 2026 (Monday). The company expects to disclose the revised transaction plan within no more than five trading days.
Jiangyin Zhongnan Heavy Industries (002445.SZ) announced that the company plans to acquire an additional 50% stake in Jiangyin Thermal Power Co., Ltd. (referred to as "Jiangyin Thermal Power") by issuing shares and paying cash, based on the previously announced acquisition of a 57.3% stake in Jiangyin Sulong Thermal Power Co., Ltd. (referred to as "Sulong Thermal Power"). This acquisition will bring Jiangyin Thermal Power's 50% stake into the scope of this major asset restructuring transaction. Upon completion of the acquisition, both Sulong Thermal Power and Jiangyin Thermal Power will become subsidiaries controlled by the company, which will facilitate business integration and resource coordination for the two targets, enhancing operational synergies. The company's stock will be suspended from trading starting August 17, 2026 (Monday). The company expects to disclose the revised transaction plan within no more than five trading days.