Golden Orange: Intended to issue shares and pay cash to acquire 55% equity stake in Samit.
Jinchengzi announcement states that the company plans to acquire 55% stake in Samit by issuing shares and paying cash, and raise supporting funds. The transaction is expected to not constitute a major asset restructuring, etc. The company's stock was suspended from trading starting on July 31, 2025, for up to 10 trading days. On August 12, the company's board of directors approved the relevant proposal, and the stock resumed trading starting on August 13. As of the disclosure date of this announcement, the audit, evaluation, and other work are being carried out in an orderly manner, and the transaction still requires multiple approvals, with uncertainties existing.
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