Jin Orange (688291.SH) plans to increase its shares to acquire 55% of the equity of Changchun Samit Optoelectronics and raise funds. The stock is suspended from trading.

Financial news from Wise Finance APP, Jinchengzi (688291.SH) announced that the company is planning to purchase 55% of the equity of Changchun Samit Optoelectronics Technology Co., Ltd. ("Samit") by issuing shares and paying cash, and at the same time intends to raise matching funds ("this transaction"). According to preliminary estimates, this transaction is not expected to constitute a major asset restructuring. Upon the company's application, the company's stock will be suspended from trading starting from Thursday, July 31, 2025, with an expected suspension period not exceeding 10 trading days.