Jiahua Energy announced that the company plans to absorb the merger's wholly-owned subsidiary Jiaxing Fancheng Chemical Co., Ltd., and Pancheng Chemical's independent legal personality will be cancelled after the merger is completed, and all of its assets, debts, business, personnel and other rights and obligations will be inherited by the company. This merger and acquisition does not involve a change in the company's registered capital, does not constitute a related transaction or major asset restructuring, and will not have a substantial impact on the company's current profit and loss. Related matters still need to be submitted to the company's shareholders' meeting for consideration.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.