Apr 11, 2021 06:51 PM (GMT+8) · EqualOcean
Shagang shares announced that the company is planning to acquire 100% equity of Suzhou Qingfeng Investment Management Co., Ltd. by issuing shares and paying cash, and raise supporting funds. The company and intermediary agencies have completed the work of additional audit and supplementary due diligence of the target company, and the company has decided to apply to the CSRC for review. The major asset restructuring can be implemented only after the approval of the CSRC. There is still uncertainty whether the approval can be obtained.