Shaoyang Hydraulics (301079.SZ) is planning to issue shares to purchase a new Chenghang Rui project. The trading of the stock will be suspended starting on June 23rd.

Tencent Finance App News, Shaoyang Hydraulic (301079.SZ) announced that the company plans to purchase all or part of the shares of Chongqing Xin Chenghang Rui Technology Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds. According to preliminary research and calculations, this transaction is expected to constitute a major asset reorganization, and will not result in a change in the actual controller of the company, and does not constitute a reorganization of the listing.