20:45
Guangzhi Technology plans to 'devour the elephant' and acquire 100% of the equity of Pioneer Electric. The stock will resume trading today.
Guangzhou Technology plans to acquire 100% of the shares of Pioneer Electric through production shares and cash, and at the same time, raise supporting funds by producing stocks to specific investors. The total assets of Pioneer Electric are far higher than those of Guangzhou Technology, and this acquisition is considered a 'snake swallowing an elephant' type of acquisition.
- 5
- 2