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New Fengming: Wholly-owned subsidiary intends to acquire 36% equity of Jinlian Port for 70.08 million yuan.
Jin10 Data, June 18 news, Xin Fengming announced that its wholly-owned subsidiary Dushan Energy intends to acquire 36% equity of Jinlian Port for 70.08 million yuan. This investment will use self-owned funds and will not affect the company’s daily production fund turnover needs and the normal development of its business. After the completion of this transaction, Jinlian Port will become an associate company of the company, and there is a certain degree of uncertainty regarding whether the synergistic cooperation between the company and Jinlian Port can be successfully implemented and whether the results can meet expectations.