The Economic Information Agency reported on the 20th that Sanxia New Material (SHA: 600293) announced that the company intends to purchase 100% of the shares of Zhaoqing Saiwei Electronic Materials Co., Ltd., held collectively by Dai Xiaobing and 20 other counterparties, through issuing shares and cash payment, and to raise supporting funds.
On the same day, Sanxia New Material's board of directors reviewed and approved the aforementioned plan. The company plans to issue shares to raise supporting funds to no more than 35 specific investors, including its controlling shareholder Dangyang City Investment, with a total amount not exceeding 1 billion RMB.
Zhaoqing Saiwei Electronic Materials Co., Ltd., the target company, mainly engages in the research, development, production, and sales of lithium-ion battery electrolytes. This transaction is expected not to result in a change of control.
Sanxia New Material resumed trading this morning and hit the limit-up, quoted at 4.32 RMB. (jq)
On the same day, Sanxia New Material's board of directors reviewed and approved the aforementioned plan. The company plans to issue shares to raise supporting funds to no more than 35 specific investors, including its controlling shareholder Dangyang City Investment, with a total amount not exceeding 1 billion RMB.
Zhaoqing Saiwei Electronic Materials Co., Ltd., the target company, mainly engages in the research, development, production, and sales of lithium-ion battery electrolytes. This transaction is expected not to result in a change of control.
Sanxia New Material resumed trading this morning and hit the limit-up, quoted at 4.32 RMB. (jq)
