GZTECH: Planning major asset restructuring to acquire 44.9% stake in Leading Rare Materials, stock trading suspended.

GoldenOctober2024

2024-09-29 07:53:53

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Jinshi data, September 29, Guangzhi Technology announced that the company is planning to purchase assets and related party transactions through the issuance of shares, with the target company being Pioneer Electronic Technology Co., Ltd. The company intends to purchase 44.9119% of the shares held by Pioneer Rare Materials through the issuance of shares, and also intends to purchase shares held by other shareholders of the target company. Due to the uncertainty of the relevant matters, the company’s stock will be suspended from the opening of the market on September 30, 2024. The company is expected to disclose the transaction plan within no more than 10 trading days. If the transaction plan is not disclosed within the specified time, the company’s securities will be resumed from the opening of the market on October 21, 2024 at the latest and the relevant matters will be terminated.

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