Guangdong Shaoneng set for control change, equity boost

Guangdong Shaoneng Group (SZSE:000601) is poised for a significant shift in its ownership and strategic direction as it awaits regulatory approvals for a proposed equity change. Key to this plan is an offering to a specific target, where Shaoguan Jin Cai Investment Group will acquire new shares, potentially holding up to CN¥101,010,101, not exceeding 8.55% of total equity. If agreed, the transfer of Industrial Assets' equity to Jin Cai will take place. Under the agreement, Jin Cai and Industrial Assets will act in unison.