Keda Manufacturing (600499.SH): The issuance of shares to purchase assets has not been approved by the Shanghai Stock Exchange.

date
04/08/2026
Zhitong Finance APP reported that Keda Manufacturing (600499.SH) issued an announcement indicating that the company intends to acquire 51.55% of Guangdong Tefu International Holdings Limited through the issuance of shares and cash payment, and to raise supporting funds by issuing shares to no more than 35 specific investors. The Shanghai Stock Exchange's restructuring committee held the 14th merger and acquisition review committee meeting of 2026 on August 4, 2026, to review the company's application for this transaction. According to the announcement of the results of the 14th review meeting of the Shanghai Stock Exchange's M&A Review Committee, the result of this meeting is that the transaction does not meet the restructuring conditions or information disclosure requirements.