Summary by Moomoo AI
ZHONGLIAN HEAVY TECH CO., LTD. (STOCK CODE: 1157) ANNOUNCED THAT IT WILL SPLIT OFF ITS FLAGSHIP SUBSIDIARY HUNAN ZHONGLIAN ZHONGJIANG INTELLIGENT HIGH-ALTITUDE OPERATION MACHINERY CO., LTD. (ZHONGLIAN HIGH-ALTITUDE MACHINERY) AND GO PUBLIC THROUGH A RESTRUCTURING WITH SHENZHEN LUICHUNG TECHNOLOGY CO., LTD. The split-listing plan was approved on 21 February 2024 by the CIC Board of Directors and was announced on 22 February of the same year on the Tsunami Information Network. Beijing Global Law Firm has issued a supplemental legal submission regarding this delisting and restructuring, confirming that the separation process is legally valid and complies with the relevant laws and regulations. CUHK said that the IPO would contribute to the full release of the intrinsic value of the company, enhance...Show More