Keda Manufacturing (600499.SH) announced that the restructuring plan of the company's shareholder Xinhualian Holdings has taken first place in Beijing...
Zhitong Finance App News, Keda Manufacturing (600499.SH) issued an announcement. The restructuring plan of the company's shareholder Xinhualian Holdings has been ruled and approved by the Beijing First Intermediate People's Court. The company's shares are debt repayment resources for this restructuring and will be disposed of and monetized during the execution of the restructuring plan. According to the restructuring plan, Xinhualian Holdings plans to reduce its holdings of the company's shares by no more than 19.4841 million shares through centralized bidding between May 7, 2024 and August 6, 2024, no more than 1% of the company's total share capital and no more than 19.38% of the company's shares. The reduction price will be determined according to the market price.