SPICYD: The Shanghai Stock Exchange will review the company's additional issuance and acquisition-related matters on September 17
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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
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