Liaoning Fu-An Heavy Industry Co.Ltd(603315) 5 announced on the evening of May 4 that the company is planning to issue shares and pay cash to buy 100% equity of Tianquan Fuan, which is expected to constitute a major asset restructuring of the listed company. Due to the uncertainty of relevant matters, in order to safeguard the interests of investors and avoid significant impact on the company’s share price, the trading of the company’s shares has been suspended since the opening of the market on May 5 according to the relevant provisions of Shanghai Stock Exchange and upon the application of the company.
According to the announcement, Tianquan Fuan was established on May 29, 2019, and its main business scope includes the production, processing and sales of graphite cathode materials for lithium batteries and large-scale ultra-high power graphite electrodes; Production and sales of carburizing agents and special carbon products Liaoning Fu-An Heavy Industry Co.Ltd(603315) the main counterparties of this transaction are Fuan Holding Co., Ltd., Li Shijun, Li Xiaopeng, Li Xiaofei, Wei Fujun and Wei bang.
