Yanggu Huatai: The application for issuing shares to purchase assets and raise matching funds has been accepted.

date
31/05/2025
Yanggu Huatai Announcement: The company plans to purchase 100% equity of Bomi Technology Co., Ltd. through the issuance of shares and payment of cash, and also plans to issue shares to up to 35 specific investors to raise supporting funds. On May 29, 2025, the company received a notice from the Shenzhen Stock Exchange regarding the acceptance of the application for the issuance of shares to purchase assets and raise supporting funds by Shandong Yanggu Huatai Chemical Co., Ltd. The Shenzhen Stock Exchange has reviewed the application documents submitted by the company in accordance with relevant regulations and deemed them complete, thus deciding to accept the application. This transaction still needs to be approved by the Shenzhen Stock Exchange and obtain the approval of the China Securities Regulatory Commission. There is still uncertainty whether the transaction will pass the review and be registered, as well as the timeline for approval and registration.