New Asia Process plans to acquire a controlling stake in Qiyuan Gas; shares will resume trading on the 22nd
2026-10-21 21:58:36
According to CoinMeta, Xin Ya Technology has disclosed a major asset restructuring plan. The company intends to purchase 15.86% of the equity in Qiyuan Gas by issuing shares and paying cash, while also raising additional funds for this purpose. Additionally, the company plans to acquire 51.27% of Qiyuan Gas's equity with cash. This cash acquisition is independent of the share issuance and cash payment for assets mentioned earlier and is not a prerequisite for each other. The specific price of this transaction has not yet been determined. Qiyuan Gas's products cover bulk electronic gases and special electronic gases, which fall within the same category of electronic materials as the company's existing business, including lithium battery materials and adhesives. Upon completion of this transaction, the company will add an electronic gases business segment to its existing operations, which could bring new points of growth for the company. The company's stock will resume trading on October 22nd.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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