---
title: "Nanjing Public Utilities Development: Plans to absorb and merge its wholly-owned subsidiary, Jinguang Industry"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241968490.md"
description: "Nanjing Public Utilities Development plans to inherit all assets, debts, rights, and obligations of its wholly-owned subsidiary, Jinguang Industrial, through an absorption merger. After the merger, the legal status of Jinguang Industrial will be canceled. According to data as of March 31, 2025, Jinguang Industrial has total assets of 140.594 billion yuan, net assets of 126.827 billion yuan, operating income of 3.836 billion yuan for the year 2024, and a net profit of 123 million yuan. This merger does not constitute a related party transaction or a major asset restructuring and does not require approval from relevant departments, but must be submitted for review at the shareholders' meeting"
datetime: "2025-05-27T08:55:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241968490.md)
  - [en](https://longbridge.com/en/news/241968490.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241968490.md)
---

# Nanjing Public Utilities Development: Plans to absorb and merge its wholly-owned subsidiary, Jinguang Industry

Nanjing Public Utilities Development announced that the company plans to inherit all assets, claims, debts, and other rights and obligations of its wholly-owned subsidiary Nanjing Jinguang Industrial Co., Ltd. through a merger by absorption. After the merger is completed, the legal status of Jinguang Industrial will be canceled. According to the unaudited data as of March 31, 2025, Jinguang Industrial's total assets amount to 140.594 billion yuan, net assets are 126.827 billion yuan, operating income for the year 2024 is 3.836 billion yuan, and net profit is 123 million yuan. This merger by absorption does not constitute a related party transaction, nor does it constitute a major asset restructuring, and does not require approval from relevant departments, but it still needs to be submitted for review by the shareholders' meeting

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