--- title: "TJSUD plans to implement a major asset swap to divest its real estate business and transform into heating and new energy power generation, resuming trading on January 2" type: "News" locale: "en" url: "https://longbridge.com/en/news/223678616.md" description: "TJSUD plans to implement a significant asset swap, divesting its real estate business and transforming into a heating and new energy power generation company. The company will issue shares and pay cash to Tianjin Energy Group and others to acquire related assets and raise supporting funds. This transaction is expected to constitute a major asset restructuring, aimed at reducing the debt ratio and enhancing risk resistance. The company's stock will resume trading on January 2, 2025" datetime: "2024-12-31T13:19:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/223678616.md) - [en](https://longbridge.com/en/news/223678616.md) - [zh-HK](https://longbridge.com/zh-HK/news/223678616.md) generator: "portal-rs" --- # TJSUD plans to implement a major asset swap to divest its real estate business and transform into heating and new energy power generation, resuming trading on January 2 According to the Zhitong Finance APP, TJSUD (600322.SH) has released a major asset swap, issuance of shares, and cash payment plan for asset acquisition and fundraising for related transactions. The listed company intends to issue shares and pay cash to Tianjin Energy Group, Jineng Investment, and Tianjin Gas Group to acquire 100% of Jineng shares, 100% of Tianjin Thermal Power, 100% of Gangyi Heating, 98.18% of Jineng Wind Power, and 100% of Jineng New Energy, along with the difference from the disposed assets. The listed company plans to issue shares to no more than 35 specific investors to raise supporting funds. As of the signing date of this plan, the audit and evaluation work for this transaction has not been completed, and the valuation and pricing of the target assets have not been determined. Based on the unaudited financial data of the listed company and the target assets, it is preliminarily judged that this transaction is expected to constitute a major asset restructuring for the listed company. It is reported that real estate development and sales are the core business and main source of revenue for the listed company, which faces significant operational and profitability pressures. There is a need to dispose of the original real estate development business to release operational and financial risks while acquiring high-quality assets to achieve business transformation and upgrading. The proposed assets to be acquired in this transaction mainly engage in heating and new energy power generation businesses. Before this transaction, the listed company was a real estate development and operation company, primarily raising funds through debt financing to support its real estate development business, with a large debt scale and a relatively high asset-liability ratio, facing significant debt repayment pressure. To better respond to market changes, enhance the company's risk resistance, and achieve long-term stable development, the listed company will dispose of the related assets and liabilities of its real estate development business as a whole while acquiring stable profit-generating heating and new energy power generation assets to achieve business transformation and upgrading. After this transaction, the main business of the listed company will change to heating and new energy power generation, which is beneficial for improving the company's operational status, reducing the asset-liability ratio, enhancing liquidity, and increasing the company's risk resistance and sustainable development capabilities. The company has applied to the Shanghai Stock Exchange for the resumption of trading, and its stock will resume trading on January 2, 2025 ### Related Stocks - [600322.CN](https://longbridge.com/en/quote/600322.CN.md) - [000862.CN](https://longbridge.com/en/quote/000862.CN.md) - [301162.CN](https://longbridge.com/en/quote/301162.CN.md) - [00384.HK](https://longbridge.com/en/quote/00384.HK.md) - [300349.CN](https://longbridge.com/en/quote/300349.CN.md) - [301303.CN](https://longbridge.com/en/quote/301303.CN.md) - [000155.CN](https://longbridge.com/en/quote/000155.CN.md) - [601619.CN](https://longbridge.com/en/quote/601619.CN.md) - [01083.HK](https://longbridge.com/en/quote/01083.HK.md) - [600917.CN](https://longbridge.com/en/quote/600917.CN.md) ## Related News & Research - [Shein postpones Hong Kong debut to September, SCMP reports](https://longbridge.com/en/news/296477308.md) - [Itera ASA to present preliminary Q2 2026 results via webcast](https://longbridge.com/en/news/296590225.md) - [Shein delays IPO to September 1, sources say](https://longbridge.com/en/news/296489082.md) - [B3 announces availability of sustainability-related financial information report for FY2025](https://longbridge.com/en/news/296539532.md) - [16:48 ETGI MAP Test Launches Cyclospora Guidance Service for Customers With a Detected Test Result](https://longbridge.com/en/news/296535077.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**