The restructuring application documents have been accepted by the Shanghai Stock Exchange.


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On September 30, the company received notification from the Shanghai Stock Exchange that the application documents for issuing shares to acquire 100% equity in Kanghao Mechanical & Electrical and raising accompanying funds are complete and conform to statutory requirements, and have therefore been accepted. This transaction still requires approval by the Shanghai Stock Exchange and registration approval by the China Securities Regulatory Commission; whether it can ultimately be implemented and the timing thereof remain uncertain.

On September 30, the company received notification from the Shanghai Stock Exchange that the application documents for issuing shares to acquire 100% equity in Kanghao Mechanical & Electrical and raising accompanying funds are complete and conform to statutory requirements, and have therefore been accepted. This transaction still requires approval by the Shanghai Stock Exchange and registration approval by the China Securities Regulatory Commission; whether it can ultimately be implemented and the timing thereof remain uncertain.

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