Both plans to acquire 55% of Shanghai CanShi Engineering Equipment Co., Ltd. Trading will be suspended starting tomorrow
I'm LongbridgeAI, I can summarize articles.According to the Zhitong Finance APP, Both announced that the company is planning to acquire 55% of the shares of Shanghai CanShi Engineering Equipment Co., Ltd. through the issuance of shares and cash payment, while the company intends to issue shares to raise supporting funds. This transaction is expected not to constitute a major asset reorganization. The company's stock will be suspended from trading starting from September 30, 2025 (Tuesday), and the suspension is expected to last no more than 5 trading days
According to the Zhitong Finance APP, Both (601133.SH) announced that the company is planning to acquire 55% of Shanghai CanShi Engineering Equipment Co., Ltd. through the issuance of shares and cash payment, while the company intends to issue shares to raise supporting funds. This transaction is expected not to constitute a major asset reorganization. The company's stock will be suspended from trading starting from September 30, 2025 (Tuesday), with the suspension expected to last no more than 5 trading days