YAXING CHEMICAL plans to issue shares and pay cash to acquire control of Tianyi Chemical, trading will be suspended starting tomorrow
YAXING CHEMICAL announced that it plans to acquire control of Tianyi Chemical through the issuance of shares and cash payments, and may also acquire shares from other shareholders. This transaction is expected to constitute a significant asset restructuring and related party transaction. The company's stock will be suspended from trading starting November 4, with the suspension expected to last no more than 10 trading days
According to the Zhitong Finance APP, YAXING CHEMICAL (600319.SH) announced that the company is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. (referred to as "Tianyi Chemical") through the issuance of shares and cash payment, or simultaneously acquire shares held by other shareholders of the target company. At the same time, the company intends to issue shares to raise matching funds. Preliminary estimates indicate that this transaction is expected to constitute a significant asset restructuring and related party transaction. The company's stock will be suspended from trading starting November 4th (Tuesday), with the suspension expected to last no more than 10 trading days
