China CSSC Holdings approves China Heavy Industry merger

China CSSC Holdings (SSE:600150) has announced the successful passage of resolutions at its first extraordinary shareholders meeting of 2025, with shareholders approving the share swap merger with China Heavy Industry. Key resolutions included the approval of the merger itself, compliance with regulations regarding major asset restructuring, and the fairness of the transaction. The vote saw over 96% approval on key resolutions related to the merger, with smaller proportions in favour for more routine matters. The meeting, held on February 18, 2025, in Shanghai, saw participation from shareholders representing over 69% of the company's total voting shares. The legal aspects of the meeting and its resolutions were verified by Shanghai Jintiancheng Law Firm, confirming the legality and validity of the proceedings.