SDIC Zhonglu's Share Issuance for Asset Acquisition Approved by SSE Restructuring Committee

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Summary · why it matters

SDIC Zhonglu announced that its plan to issue shares to acquire 100% equity of China Electronics Engineering Design Institute Co., Ltd. and raise matching funds has been approved by the Shanghai Stock Exchange's Merger, Acquisition and Restructuring Review Committee. The transaction still requires registration approval from the China Securities Regulatory Commission before implementation, and there remains uncertainty.

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中国电子工程设计院Private▲ Positive
Capitalrelevance

Acquisition target, 100% equity to be acquired, benefits from the transaction.

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