Summary by Moomoo AI
Zhonglian Heavy Sciences Corporation (the “Company”) announced on 21 February 2024 that new amendments were made to the listing plan of its divested subsidiaries. This amendment involves two of the existing shareholders of Zhonglian High Road no longer selling their shares to Shenzhen Luochang Technology Co., Ltd. (“Luochang”), resulting in an adjustment of 100% shareholding from Zhonglian High in the target of the acquisition to 99.5320%. Accordingly, the exchange price of the share purchase project was revised from RMB9,423,870,000 to RMB9,379,765,821 and adjusted the number of shares issued from 394,469,218 shares to 392,623,084 shares. In addition, the total amount of fundraising for ancillary projects decreased from RMB335,000 million to RMB250,000, while the amount of fundraising for projects to build production bases in Mexico remained unchanged. The Company reminds shareholders and potential investors that the demerger is still subject to the approval of the Deep Exchange and the Securities and Exchange Commission, so the split may or may not proceed.