GuoLin Technology (300786.SZ) is planning a cash acquisition of Ke Lianjie Petrochemical Co., Ltd.'s 91.07% equity, which is expected to constitute a major asset restructuring.

Financial news from the Wise Wealth APP, Guolin Technology (300786.SZ) announced that the company is planning to purchase 91.07% of the equity of Xinjiang Kailianjie Petrochemical Co., Ltd. ("Kailianjie" or the "target company") held by some shareholders of the target company in cash. The funds for this transaction are planned to be sourced from the company's own funds and raised through a combination of bank M&A loans. Before this transaction, the company did not hold any shares of the target company; after completion of this transaction, the company will obtain control of the target company. This transaction is expected to constitute a major asset restructuring.