Wuhan Holdings: Issuance of shares for asset acquisition transaction suspended by Shanghai Stock Exchange due to expired evaluation data.
Wuhan Holdings announced that the company plans to issue shares and pay cash to acquire 100% equity of Wuhan Municipal Engineering Design and Research Institute Co., Ltd. and raise supporting funds. Due to the expiration of the assessment data in the application documents, the company received a notice of suspension of review from the Shanghai Stock Exchange on March 31, 2026. Currently, the update of assessment data and other related work is still in preparation. This suspension of review will not have a significant adverse impact on the transaction, and the company's operations are normal. The company will submit updated materials as soon as possible and apply for resumption of review. It is still uncertain whether this transaction will pass the review and be registered.
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