Spic Yuanda Environmental-Protection (600292.SH) application for additional share issuance for acquisition related matters approved by the Shanghai Stock Exchange.

date
17/09/2025
avatar
GMT Eight
Farada environmental protection (600292.SH) announcement, the company intends to issue shares and pay cash to China Power...
Spic Yuanda Environmental-Protection (600292.SH) announced that the company plans to purchase 63% equity of Wuling Power Co., Ltd. (hereinafter referred to as "Wuling Power") held by CHINA POWER International Development Limited by issuing shares and paying cash, purchase 37% equity of Wuling Power held by Hunan Xiangtou International Investment Limited and purchase 64.93% equity of Guangxi Changzhou Hydropower Development Co., Ltd. held by State Power Investment Group Guangxi Electric Power Co., Ltd. The company also plans to issue shares to a maximum of 35 eligible specific investors to raise supporting funds. The M&A and Restructuring Review Committee of the Shanghai Stock Exchange held the 16th M&A and Restructuring Review Committee meeting of 2025 on September 17, 2025, to review the application for the company's current transaction. According to the announcement of the results of the 16th review meeting of the Shanghai Stock Exchange M&A and Restructuring Review Committee in 2025, the review result of this meeting is that this transaction meets the conditions for restructuring and information disclosure requirements.