SPICYD: The Shanghai Stock Exchange will review the company's additional issuance and acquisition-related matters on September 17
SPICYD announced that the company plans to acquire a 63% stake in Wuling Power held by China Power International Development Limited, a 37% stake held by Hunan Xiangtou International Investment Co., Ltd., and a 64.93% stake held by State Power Investment Corporation Guangxi Electric Power Co., Ltd. through a combination of issuing new shares and cash payment. At the same time, the company intends to issue shares to no more than 35 specific investors to raise matching funds. The Shanghai Stock Exchange will review the transaction application on September 17, 2025
According to the Zhitong Finance APP, SPICYD (600292.SH) announced that the company plans to purchase a 63% stake in Wuling Power Co., Ltd. (referred to as "Wuling Power") from China Power International Development Limited through the issuance of shares and cash payment, acquire a 37% stake in Wuling Power from Hunan Xiangtou International Investment Co., Ltd., and buy a 64.93% stake in State Power Investment Corporation Guangxi Changzhou Hydropower Development Co., Ltd. from State Power Investment Corporation. The company also plans to issue shares to no more than 35 qualified specific investors to raise matching funds. The Shanghai Stock Exchange's M&A Review Committee is scheduled to hold the 16th M&A Review Committee meeting of 2025 on September 17, 2025, to review the company's application for this transaction
