Jilin Quanyangquan acquisition: Guojin Securities concludes supervision

Guojin Securities Co., Ltd. has announced the completion of its continuous supervision of Jilin Changbai Mountain Forest Industry Group Co., Ltd.'s acquisition of Jilin Quanyangquan Co., Ltd. (SSE: 600189). The supervision period, running from December 15, 2023, to December 15, 2024, ensured the acquisition's compliance with regulations. Changbai Mountain Forest Industry, through a court-approved restructuring plan, acquired a 30.93% stake in Quanyangquan, becoming its indirect controlling shareholder. The acquisition involved a 33 billion yuan investment, with 26.2 billion yuan as a cash injection to the parent company and 6.8 billion yuan to acquire debt-related assets. During the supervision period, Quanyangquan undertook several corporate actions, including personnel changes, charter amendments, and the proposed sale of a 37% stake in Jilin Forest Industry Group Investment Co., Ltd. Guojin Securities confirmed that all parties adhered to regulations and fulfilled their commitments.