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Someone at Hubei Dinglong Co., Ltd Mito, Just Bought Out 3 Major Shareholder for $ 34,000,000.00+ In Cash and Stocks.Dinglong’s 247 million yuan ($34,664,613.14 USD) acquisition plan passed the audit, and resumed trading on September 30. This is a Follow up to our article From 10 02 2019, Hubei Dinglong Gets Approval For Asset Acquisition. (By Who?). https://tonernews.com/forums/topic/can-someone-translate-this-hubei-dinglong-gets-approval-for-asset-acquisition/
According to the “Administrative Measures on Major Assets Restructuring of Listed Companies” and “Guiding Opinions on Improving the System of Stocks Stopping and Resumption of Listed Companies” and other relevant regulations, the company applied to the Shenzhen Stock Exchange for the opening of the company’s shares from September 30, 2019 ( Resumption of trading on Monday).
On September 27th, Capital News, Dinglong Co., Ltd. (300054.SZ) issued an announcement on the issue of shares and payment of cash to purchase assets, which was approved by the China Securities Regulatory Commission’s listed company merger and acquisition review committee to unconditionally pass and the company’s stock resumed.
According to the company’s previous restructuring plan, Dinglong Co., Ltd. intends to purchase a total of 59 shares of Beihai Jiexun held by Yang Hao, Li Baohai and Zhao Chenhai from three shareholders of Beihai Jiexun by issuing shares and paying cash. The transaction price was 247.80 million yuan, of which 80% of the transaction consideration was paid by way of issuing shares, namely 198.24 million yuan; 20% of the transaction consideration was paid by cash, which was 49.56 million yuan.The announcement shows that on September 27, 2019, the China Securities Regulatory Commission listed company mergers and acquisitions review committee held the 46th M&A and restructuring committee working meeting in 2019 to issue shares and pay cash for assets purchase of Hubei Dinglong Holdings Co., Ltd. Reviewed. According to the results of the meeting, the company’s issue of shares and payment of cash for the purchase of assets was unconditionally passed. According to the “Administrative Measures on Major Assets Restructuring of Listed Companies” and “Guiding Opinions on Improving the System of Stocks Stopping and Resumption of Listed Companies” and other relevant regulations, the company applied to the Shenzhen Stock Exchange for the shares of the company (stock abbreviation: Dinglong shares, stock code: 300054) Resumption of trading from the opening of the market on Monday, September 30, 2019.
Reprinted statement: This article is the capital manuscript original manuscript, reproduced must indicate the source and author, otherwise it is considered infringement. Risk Warning : All information presented by Capital State is only used as an investment reference and does not constitute investment advice. All investment operation information cannot be used as an investment basis. Investment is risky and you need to be cautious when entering the market!Keywords: Dinglong shares 300054.SZ stock rewind h ttps://tr anslate.google.com/translate?hl=en&sl=zh-CN&u=h ttp://w ww.c hinaipo.com/ma/95488.html&prev=search
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