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Yitai B shares: intends to acquire 51% of ST Xinchao's shares for 11.792 billion yuan.
On April 18, Jin10 reported that Yitai B shares announced that the company plans to offer an acquisition of 3.468 billion shares of ST Xinchao at a price of 3.40 yuan per share, accounting for 51% of its total share capital. The investment amount is expected to be 11.792 billion yuan. This acquisition aims to gain control of ST Xinchao, improve its operational and management efficiency, and protect the rights and interests of investors.