Yunnan Jinggu Forestry Co.,Ltd cancelled the transaction announced on April 26, 2024
Published on 02/26/2025 at 18:00
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On February 27, 2025, Yunnan Jinggu Forestry Co.,Ltd cancelled the transaction. The transaction has approved that the transaction held its 2025 1st Extraordinary Meeting of the 9th Board of Directors and the 2025 1st Extraordinary Meeting of the 9th Supervisory Board.
On February 28, 2025, the Company and its sponsor, Huachuang Securities Co., Ltd., submitted an application to the SSE to withdraw the application documents for the issuance of stocks to specific targets and to revoke the sponsorship application for the issuance of A shares to specific targets.
On March 21, 2025, the Company received the SSE's decision document "Decision on Terminating the Review of company's Issuance of Stocks to Specific Targets" (SSE Review (Refinancing) [2025] No. 66). According to Article 19 of the "Rules for the Review of Securities Issuance and Listing of Listed Companies on the Shanghai Stock Exchange" and Article 63 of the "Rules for the Review of Stock Issuance and Listing on the Shanghai Stock Exchange," the SSE decided to terminate the review of the Company's issuance of stocks to specific targets.
Yunnan Jinggu Forestry Co Ltd is a China-based company principally engaged in the manufacture of wood-based panels, the manufacture of forest chemical products, and afforestation. Wood-based panel products mainly include plywood, fiberboard, particleboard, veneer, blockboard and other products, which are mainly used in wooden furniture manufacturing and the construction industry. Forest chemical products include rosin, disproportionated rosin, turpentine and other products, which are mainly used in the adhesive industry, coating industry, ink industry, synthetic rubber and synthetic plastic industry, electronic chemicals industry, and food and cosmetics industry. The main products of the afforestation business are timber and standing timber, which are mainly used for log processing and the production and manufacture of wood products. The Company is also engaged in cooperative forest logging business.
