TJSUD: Planning a major asset restructuring matter, suspension of trading on December 18
I'm LongbridgeAI, I can summarize articles.TJSUD announced plans for a major asset restructuring. The controlling shareholder, TJSUD Capital, intends to acquire the controlling stake of an energy group and its subsidiaries through asset swaps, share issuance, and cash purchases. The transaction is still in the planning stage, and the specific asset scope is yet to be determined. According to relevant regulations, this transaction constitutes a major asset restructuring and related party transaction, and it is expected not to result in a change of actual controller. The company's stock will be suspended from trading starting December 18, 2024, with the suspension period expected to last no more than 10 trading days
According to the Zhitong Finance APP, TJSUD (600322.SH) announced that its controlling shareholder Tianjin State-owned Capital Investment Operation Co., Ltd. (referred to as "Tianjin Investment") issued a notice regarding the planning of a major asset restructuring. Tianjin Investment has decided that the company intends to acquire the controlling stakes held by Tianjin Energy Investment Group Co., Ltd. (referred to as "Energy Group") and its subsidiaries in Tianjin Jinneng Co., Ltd., Tianjin Thermal Power Co., Ltd., Tianjin Port Yigong Heat Supply Co., Ltd., Tianjin Jinneng Wind Power Co., Ltd., and Tianjin Energy Group New Energy Co., Ltd. through asset swaps, issuing shares, and cash payments, and to raise supporting funds. Currently, this transaction is still in the planning stage, and the specific scope of the assets to be disposed of and acquired is still under verification and has not been finalized.
According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" and other relevant laws and regulations, this transaction is expected to constitute a major asset restructuring and related party transactions. This transaction will not lead to a change in the actual controller of the company and does not constitute a restructuring listing.
The company's stock will be suspended from trading starting from December 18, 2024, with the suspension expected to last no more than 10 trading days