Xinzhu Corporation: Planning to sell assets and issue shares to purchase assets.

date
28/05/2025
New Construction Corporation Announcement: The controlling shareholder Shudao Investment Group Co., Ltd. plans to restructure assets with the company by transferring 60% equity of Sichuan Shudao Clean Energy Group Co., Ltd. held by Shudao Investment Group Co., Ltd. to the company through the issuance of shares and cash payment. At the same time, the company will sell 100% equity of Chengdu Xin Zhu Transportation Technology Co., Ltd. and its debt rights to Sichuan Development Maglev Technology Co., Ltd., and sell 100% equity of Chengdu Xin Zhu Transportation Technology Co., Ltd. and its debt rights to Sichuan Road and Bridge Construction Group Co., Ltd., and raise supporting funds according to specific circumstances. This transaction is expected to constitute a major asset restructuring and related party transaction for the company, with no change in actual control. The company expects to disclose the details of the transaction within no more than 10 trading days.