Lanpec: Major asset restructuring plan changed to propose the acquisition of 51% equity in China Air Separation
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Lanpec announced an adjustment to its major asset restructuring plan, intending to acquire 51% equity held by China Pudong Development Bank in China Air Separation for cash. This move aims to optimize the asset structure, support the development of engineering business, and promote the company's transformation into a comprehensive solution provider for energy equipment. This transaction is expected to constitute a major asset restructuring but does not involve the issuance of shares or changes in control and will follow the relevant procedures as required
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