On December 17, Glonghui reported that Tianjin Realty Development (600322.SH) announced that its controlling shareholder, Tianjin State-Owned Capital Investment Operation Co., Ltd. (hereinafter referred to as "Tianjin Investment Capital"), issued a notice regarding the planning of a major asset restructuring. Tianjin Investment Capital has decided that the company plans to purchase the controlling stakes held by Tianjin Energy Investment Group Co., Ltd. (hereinafter referred to as "Energy Group") and its subsidiaries in Tianjin Jinneng Co., Ltd., Tianjin Thermal Power Co., Ltd., Tianjin Port Yigong Heat Supply Co., Ltd., Tianjin Jinneng Wind Power Co., Ltd., and Tianjin Energy Group New Energy Fund, through asset exchange, issuance of shares, and payment of cash, and to raise matching funds (hereinafter referred to as "this transaction"). Currently, this transaction is still in the planning stage, and the specific scope of the disposed and acquired assets is still under verification and has not yet been finalized.
Following the company's application to the Shanghai Stock Exchange, the company's stocks will be suspended from trading starting from December 18, 2024, with the suspension expected to last no more than 10 trading days.
