Jingda Machine faces scrutiny for asset acquisition plan

Ningbo Jingda Machine (SSE:603088) announced that its plan to acquire 100% equity of Wuxi Micro Research Co., Ltd. from Gao Sheng Investment Co., Ltd. and other parties through share issuance and cash payment, coupled with raising supporting funds from its controlling shareholder Ningbo Chengxing Holding Co., Ltd., will be reviewed by the Shanghai Stock Exchange's Mergers and Acquisitions Review Committee on March 13, 2025. The review pertains to the company's application for the transaction. The company noted that the transaction is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission. The company will fulfill its information disclosure obligations according to regulations and advises investors to pay attention to investment risks.