Zhenyang Development (603213.SH): Zhejiang, Shanghai, and Ningbo plan to exchange shares for the merger and absorption of Zhenyang Development, trading will resume on September 3rd.

Zhixun Finance App News, Zhenyang Development (603213.SH) announced that Zhejiang Hu Hang Ning plans to acquire Zhenyang Development through a stock swap by issuing A shares. Zhejiang Hu Hang Ning will be the acquiring party, while Zhenyang Development will be the acquired party. In this transaction, Zhejiang Hu Hang Ning will issue A shares to all shareholders of Zhenyang Development in exchange for their Zhenyang Development shares.