SDICZL plans to acquire controlling stake in Electronic Institute; trading suspension continues on June 24
I'm LongbridgeAI, I can summarize articles.SDICZL announced that it plans to acquire the controlling stake in China Electronics Engineering Design Institute from its controlling shareholder, SDIC Group, through the issuance of shares, and to raise supporting funds from no more than 35 specific targets. The company's stock will continue to be suspended from trading on June 24, 2025, with the suspension expected to last no more than 10 trading days
According to the Zhitong Finance APP, SDICZL (600962.SH) announced that the company recently received a notice from its controlling shareholder, the State Development and Investment Corporation (SDIC), regarding the planning of a significant asset restructuring related to the company. The company intends to issue shares to SDIC and other relevant parties to acquire the controlling stake in China Electronics Engineering Design Institute Co., Ltd. (Electronics Institute), while also issuing shares to no more than 35 qualified specific targets to raise supporting funds.
The company's stock will continue to be suspended from trading starting from June 24, 2025 (Tuesday), with the total suspension period expected to not exceed 10 trading days