Cixing plans to issue additional shares to acquire 75% equity of Shenyang Shunyi and raise matching funds, with the stock resuming trading
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Cixing announced plans to issue additional shares and cash acquire 75% equity of Shenyang Shunyi, with cash payment not exceeding 40% of the transaction price. At the same time, it will issue shares to no more than 35 specific investors to raise matching funds, with an issue price of 7.16 yuan per share. The company will resume trading on June 4, 2025, and after the transaction is completed, it will enter the defense technology industry, diversify its business types, and promote transformation
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