Tianyuan Pet Products wins regulatory nod for acquisition of 89.7% stake in Guangzhou Taotong Technology
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Tianyuan Pet Products Co., Ltd. (Shenzhen: 301335) announced that it has received approval from the China Securities Regulatory Commission (CSRC) for its plan to issue shares and use cash to acquire an 89.7145% stake in Guangzhou Taotong Technology Co., Ltd. The company will also raise up to 224 million yuan in supporting funds through a private placement to no more than 35 qualified investors. The CSRC's approval, received on September 24, 2026, covers both the share issuance for the asset purchase and the fundraising component. The acquisition is part of Tianyuan Pet's strategy to expand its business through the purchase of Taotong Technology, a company specializing in e-commerce services.
Source report
Hong Kong / Shanghai, September 24, 2026 — Tianyuan Pet Products Co., Ltd. (Shenzhen: 301335.SZ) announced that it has received regulatory approval from the China Securities Regulatory Commission (CSRC) for its proposed acquisition of a controlling stake in Guangzhou Taotong Technology Co., Ltd.
Key Details
- Acquisition Structure: Tianyuan Pet plans to acquire 89.7145% of Guangzhou Taotong Technology through a combination of share issuance and cash payment.
- Concurrent Fundraising: The company will also issue shares to no more than 35 qualified specific investors to raise supporting funds.
Regulatory Approval
On September 24, 2026, Tianyuan Pet received the official reply from the CSRC, which approved:
- The company's registration application to issue shares to specific investors for the acquisition of related assets.
- The company's registration application to issue shares for raising supporting funds, with a cap of RMB 224 million (approximately USD 31.5 million).
Source
智通财经Neutral / independent