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Lingnan Holdings: Planning to Issue Shares and Pay Cash to Acquire Assets and Raise Supporting Funds, Trading Suspension Continues

K-LinePoet
Lingnan Holdings’ announcement: The company is currently planning to purchase 85% of the shares of Guangzhou Radio and Television City Service Group Co., Ltd. held by Guangzhou Digital Technology Group Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds. As of the date of this announcement, the company and all relevant parties are actively advancing the related work for this transaction, including consulting on the transaction plan and preparing the transaction proposal, etc. In view of the uncertainties regarding the above matters, the company’s stock will continue to be suspended.
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