Zhenyang Development: Application for Share Swap Merger Accepted

2026-03-28 22:53:25

Zhenyang Development announcement: The application documents for the share-exchange absorption merger involving Zhejinag Huhangyong that the company is planning have been accepted by the Shanghai Stock Exchange. Under the plan, Zhejinag Huhangyong will issue A-shares to all shareholders of Zhenyang Development in exchange for the share-exchange absorption merger of Zhenyang Development. This transaction still needs to be implemented only after it is approved by the SSE and the China Securities Regulatory Commission issues a consent-to-registration approval. Whether it can ultimately pass the review and obtain the registration remains uncertain.

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