Oxiranchem Plans to Acquire Control of Suzhou Qitian, Shares Suspended
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Oak Shares announced a trading suspension effective from September 21, 2026, as the company plans to acquire control of Suzhou Qitian New Materials Co., Ltd. through a combination of issuing shares and paying cash, along with raising supporting funds. The company expects to disclose the transaction plan within no more than 10 trading days. If the disclosure is not made on schedule, shares will resume trading by October 13, 2026, and the planning of related matters will be terminated. The transaction will not result in a change of the company's actual controller. The company cautioned that the transaction plan remains subject to uncertainties.
Source report
Oak Shares has announced its intention to acquire control of Suzhou Qitian New Materials Co., Ltd. through a combination of share issuance and cash payment, along with raising supporting funds.
Trading Suspension
The company's shares have been suspended from trading since the market opening on September 21, 2026.
Disclosure Timeline
- The company expects to disclose the transaction plan within no more than 10 trading days.
- If the disclosure is not made on schedule, shares will resume trading by no later than October 13, 2026, and the planning of related matters will be terminated.
Key Notes
- This transaction will not result in a change of the company's actual controller.
- The transaction plan remains subject to uncertainties.
Source
金十数据Neutral / independent
Part of this Story
Oak Shares suspends trading to acquire battery materials firm Suzhou Qitian