20:45
Guangzhou Technology plans to acquire 100% equity of Xian Dao Electric Technology and the stock resumed trading today.
Guangzhi Technology plans to acquire 100% of Xiandao Electric by issuing shares and paying cash, while raising funds through the issuance of shares to specific investors. Xiandao Electric's total assets are much higher than Guangzhi Technology, and this acquisition is viewed as a "snake swallowing an elephant"-style acquisition.
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