Shengda Resources: planning to acquire 47% equity of Honglin Mining, stock trading suspended

Jinshi data news on October 20th, Shengda Resources announced that the company is planning to acquire 47% equity of Honglin Mining through the issuance of shares, and at the same time intends to issue shares to raise matching funds from no more than 35 specific objects. Due to the uncertainty of the relevant matters, the company applied for a trading halt from October 21st. The company expects to disclose the transaction plan within no more than 10 trading days. At present, the transaction is still in the planning stage, and the parties to the transaction have not yet signed a formal trading protocol, and the specific transaction plan is still under discussion and verification, with uncertainties.

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