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Chuantou Energy: Sichuan Energy Investment completes control acquisition

March 5, 2025 at 05:01 PM UTCBy FilingReader AI

Sichuan Energy Investment Group has completed a strategic restructuring to acquire control of Sichuan Chuantou Energy Co., Ltd. (SSE:600674). The acquisition, executed via a new establishment merger, sees Sichuan Energy Investment Group directly and indirectly holding 2,440,810,525 shares, representing 50.07% of Chuantou Energy. This triggers a change in Chuantou Energy's largest shareholder but not the ultimate controller, which remains the Sichuan Provincial State-owned Assets Supervision and Administration Commission. Sichuan Energy Investment intends to maintain the current operations of Chuantou Energy, primarily focused on clean energy, and has no concrete plans for significant asset restructuring or business adjustments in the next 12 months. The acquisition qualifies for an exemption from a full takeover bid due to the nature of the state-owned asset restructuring.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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