ST Huawen: Signed a 610 million yuan restructuring investment agreement

Zhitong
2025.05.06 13:57

ST Huawen announced that on May 6, 2025, the company signed a restructuring investment agreement with Hainan United Asset Management Co., Ltd. and Hainan State-owned Capital Operation Co., Ltd. According to the agreement, the two industrial investors will collectively pay 610 million yuan in restructuring investment, acquiring 500 million shares of the company at a price of 1.22 yuan per share. The restructuring investment aims to restore and improve the company's ongoing operational capability. Hainan United and Hainan State-owned Capital Operation, as pre-restructuring industrial investors, have committed to fully fulfilling their investment obligations after the restructuring plan of Huawen Group is approved by the Intermediate People's Court of Haikou City, Hainan Province. The interim manager has received a registration deposit of 30 million yuan paid by Hainan United, which will be converted into an equivalent investment amount upon payment of the investment funds

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