Binhai Energy: Intends to acquire 100% equity of Cangzhou Xuyang, stock trading suspended.

Binhai Energy announced that the company is planning to issue shares to purchase 100% equity of Cangzhou Xuyang Chemical Co., Ltd., held by Xuyang Group, Xuyang Coal Chemical, Shen Chuangtou New Materials Fund, and Agricultural Bank Asset, and plans to privately issue shares to raise matching funds from up to 35 qualified specific investors.