Jiangsu Guoxin adjusts Guoxin Bindian equity acquisition plan

Jiangsu Guoxin Corp (SZSE:002608) announced adjustments to its plan to acquire a portion of Guoxin Bindian's equity from Guodian Investment Binhai. Instead of the previous plan to acquire 29% of Guoxin Bindian for CNY 0, the company will now participate in a joint bidding process with Yancheng Guoneng at the Beijing Equity Exchange to acquire 34% of Guoxin Bindian. Jiangsu Guoxin will acquire 26.27% of Guoxin Bindian, increasing its stake to 77.27% and requiring a capital contribution of CNY 63.048 million. Yancheng Guoneng will acquire 7.73% raising its stake to 22.73% and requiring a capital contribution of CNY 18.552 million. The acquisition aims to resolve Guoxin Bindian's capital needs and promote long-term sustainable development. The company will use its own funds for the transaction.