On December 12, Gelonghui reported that Gao Ling Information (688175.SH) announced that the company is planning to purchase a total of 71.98% equity held by shareholders Xie Hu, Li Lin, Shanghai Xin Nu Communication Technology Co., Ltd. (hereinafter referred to as "Xin Nu Communication"), Shanghai Yifu Enterprise Management Consulting Partnership (Limited Partnership), Shanghai Jin Ling Enterprise Consulting Partnership (Limited Partnership), Shanghai Fu Ling Enterprise Consulting Partnership (Limited Partnership), and Shanghai Duo Chi Enterprise Consulting Partnership (Limited Partnership) through issuing shares and paying Cash, as well as raising supporting funds (hereinafter referred to as "this transaction"). In addition, the company will further negotiate with other shareholders of Xin Nu Communication after the suspension of trading to purchase a total of 28.02% equity held by other shareholders.
Upon application to the Shanghai Stock Exchange, the company's Stocks will continue to be suspended from trading starting from the morning of December 13, 2024 (Friday), with the suspension expected to last no more than 5 trading days.
