On March 19, 2022, Shanghai stock exchange sent an inquiry letter to Jiangsu Tongli Risheng Machinery Co.Ltd(605286) (SH Jiangsu Tongli Risheng Machinery Co.Ltd(605286) , closing price: 31.8 yuan): for “As for the adjustment of the plan, the company’s preliminary plan disclosed that it plans to issue shares and pay cash to acquire 51% equity of Tianqi Hongyuan, which needs to be submitted to the M & A Review Committee of the CSRC for review. Today, the company disclosed that it plans to terminate the previous plan, all of which will be carried out in cash, and the transaction price is about 711 million yuan. It is not expected to constitute a major asset restructuring, and it does not need to be submitted to the general meeting for review.” The Shanghai Stock Exchange put forward requirements including “the reason and rationality of the adjustment of the trading scheme from issuing shares and paying cash to purchase assets to cash acquisition, and whether it is to avoid performing the subsequent approval procedures”.
From January to December 2021, Jiangsu Tongli Risheng Machinery Co.Ltd(605286) the operating revenue is composed of escalator parts, vertical elevator parts and elevator metal materials, accounting for 99.39%.
Jiangsu Tongli Risheng Machinery Co.Ltd(605286) ‘s general manager and chairman are Li Guoping, male, 60 years old, with a high school education background.
