Jilin Province Chuncheng Heating Co. Ltd. Announces New Agreements for Strategic Asset Acquisition from Controlling Shareholder Group

Reuters
Jun 16
Jilin Province Chuncheng Heating Co. Ltd. Announces New Agreements for Strategic Asset Acquisition from Controlling Shareholder Group

Jilin Province Chuncheng Heating Company Limited announced on June 16, 2025, that it has entered into agreements to acquire certain heat production assets from its controlling shareholder group, Changre Group. The proposed acquisitions, referred to as Proposed Acquisition I and II, involve the transfer of target assets from Changre Group to the company. This strategic move aims to reduce competition between the Group and the Controlling Shareholder Group, aligning with the company's overall strategic development. The board of directors, excluding certain members who abstained, considers the terms of the agreements to be fair and reasonable, serving the interests of the company and its shareholders.

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