Nanfang Shares (600250): Restructuring Matters Will Be Suspended In November 1St
Nanfang textile (600250.SH) announced that the company intends to purchase 51% stake in the Qinhuai scenery by issuing shares to Confucius Temple Wen brigade. At the same time, in order to further improve the financial situation of the listed companies after the reorganization, the listed company intends to raise supporting funds to the tourism group's non-public offering shares and raise the total amount of matching funds to no more than 80 million yuan.
According to the CSRC's announcement of the fifty-fifth working conference 2019, the Commission of mergers and acquisitions of China Securities Regulatory Commission is scheduled to convene the fifty-fifth meeting of the Commission on mergers and acquisitions in 2019 on November 1, 2019, examining the issue of shares issued by the company to purchase assets and raising matching funds and related transactions.
The company's stock has been suspended since November 1, 2019.
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