ZHIGUANG plans to acquire all or part of the minority equity of its subsidiary ZHIGUANG Energy Storage, resuming trading on October 17
ZHIGUANG plans to acquire all or part of the minority equity of Guangzhou ZHIGUANG Energy Storage Technology Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds from no more than 35 specific investors. The proposed issuance price is between RMB 5.41 per share and RMB 6.40 per share, and the issuance price of the raised funds will not be less than 80% of the average price of the 20 trading days prior to the pricing benchmark date. This subsidiary focuses on the research and development, production, and sales of electrochemical energy storage systems. The company's stock will resume trading on October 17, 2025
According to the Zhitong Finance APP, ZHIGUANG (002169.SZ) disclosed a plan for issuing shares and paying cash to purchase assets and raise supporting funds. The company intends to purchase all or part of the minority equity of Guangzhou ZHIGUANG Energy Storage Technology Co., Ltd. through the issuance of shares and cash payment, while issuing shares to no more than 35 specific investors to raise supporting funds. The successful implementation of the purchase of assets through the issuance of shares and cash payment is a prerequisite for raising supporting funds. The issuance price for the asset acquisition portion is proposed to be negotiated between RMB 5.41/share and RMB 6.40/share. The issuance price for the supporting funds portion will not be lower than 80% of the average trading price of the company's stock over the 20 trading days prior to the pricing benchmark date.
The announcement shows that the target company is a subsidiary within the consolidated financial statements of the listed company, primarily engaged in the research, production, and sales of electrochemical energy storage systems, and is one of the core entities for the large-scale development of energy storage in the listed company's development strategy.
In addition, the company's stock will resume trading starting from October 17, 2025 (Friday)
