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H-shares swap for A-shares! Zhejiang Shanghai-Hangzhou-Ningbo swaps to acquire Zhenyang Development, accepted by the Shanghai Stock Exchange
People’s Financial News, March 26 - According to information from the Shanghai Stock Exchange’s official website, the share swap merger between Zhenyang Development and Zhejiang Huhang Yong has been accepted as of March 25. According to the plan, the Hong Kong-listed company Zhejiang Huhang Yong will issue A-shares to all shareholders of the A-share company Zhenyang Development to absorb and merge Zhenyang Development. This case is also the first major asset restructuring accepted by the Shanghai Stock Exchange since the full implementation of the registration system in 2023 involving a H-share share swap to absorb and merge A-shares.