Shanghai Refire Group Ltd. Announces Proposed Issuance of Domestic Shares Under New Shareholder Agreement

Reuters

Jun 08, 2025

Shanghai Refire Group Ltd. Announces Proposed Issuance of Domestic Shares Under New Shareholder Agreement

Shanghai Refire Group Ltd. has announced a new shareholder agreement involving the proposed issuance of domestic shares under a specific mandate. The initiative, approved by the Board on June 7, 2025, aims to enhance the company's overall competitiveness by raising additional funds for operating activities and ensuring stable business development. The issuance of subscription shares will proceed on a non-pre-emptive basis, with amendments proposed to the Articles of Association. CNSH Zerun Energy Partnership is identified as one of the subscribers. Shareholders and potential investors are advised to exercise caution when dealing with the company's securities, as the issuance may not proceed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Refire Group Ltd. published the original content used to generate this news brief on June 08, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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