Lionhead Technology announced that it plans to acquire 97.4399% of the shares of Hangzhou Lipper Technology Co., Ltd. through a combination of share issuance and cash payment, and will issue shares to Chongqing Yiyuan Enterprise Management Co., Ltd. and Chongqing Yicheng Enterprise Management Co., Ltd. to raise supporting funds. The Shanghai Stock Exchange's Merger, Acquisition and Reorganization Review Committee held its 13th review meeting of 2026 on July 24 to examine the company's application for this transaction. The review concluded that the transaction meets the conditions for reorganization and information disclosure requirements.
Taiyuan Lionhead Cement Co LtdAcquisition of 97.44% stake in Lipper Technology approved by Shanghai Stock Exchange, a major M&A event.