Dalian Thermal Power Co.Ltd(600719) terminate major asset restructuring and implement other risk warnings from May 5

Dalian Thermal Power Co.Ltd(600719) announced that previously, the company planned to purchase all assets and liabilities from Dalian thermal power group or its designated entity. At the same time, the company planned to issue shares to purchase 100% shares of Kanghui new material held by Hengli Petrochemical Co.Ltd(600346) , Hengli Chemical fiber. According to the company’s self-examination, the company’s funds were occupied by the controlling shareholder in 2021. Although the controlling shareholder has returned all the principal and interest and Dalian Thermal Power Co.Ltd(600719) is taking positive and effective measures to rectify, in view of the above circumstances that may lead to some uncertainty in this transaction, the company and all parties have carefully studied and decided to terminate this transaction.

The company announced on the same day that the trading of the company’s shares will continue to be suspended for one day on April 29, 2022, and other risk warnings will be implemented from May 5. The stock abbreviation will be changed from ” Dalian Thermal Power Co.Ltd(600719) ” to “St thermoelectric”.

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